ValuEngine Downgrades Rayonier (RYN) to Hold

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ValuEngine cut shares of Rayonier (NYSE:RYN) from a buy rating to a hold rating in a research report released on Tuesday morning.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Rayonier from a buy rating to a hold rating in a report on Monday, July 30th. BMO Capital Markets lowered shares of Rayonier from a market perform rating to an underperform rating in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Rayonier presently has an average rating of Hold and a consensus price target of $36.50.

Shares of RYN opened at $30.73 on Tuesday. The firm has a market cap of $4.07 billion, a PE ratio of 47.28, a P/E/G ratio of 9.20 and a beta of 0.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 3.43. Rayonier has a 1-year low of $29.27 and a 1-year high of $39.73.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.12. The firm had revenue of $200.90 million for the quarter, compared to analyst estimates of $179.87 million. Rayonier had a net margin of 18.48% and a return on equity of 7.34%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. Sell-side analysts anticipate that Rayonier will post 0.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, December 14th. Rayonier’s payout ratio is 166.15%.

A number of large investors have recently bought and sold shares of RYN. Dimensional Fund Advisors LP purchased a new stake in Rayonier in the first quarter valued at $217,000. LPL Financial LLC boosted its holdings in Rayonier by 24.4% in the first quarter. LPL Financial LLC now owns 13,471 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 2,642 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Rayonier by 6.6% in the first quarter. Principal Financial Group Inc. now owns 744,031 shares of the real estate investment trust’s stock valued at $26,174,000 after purchasing an additional 45,977 shares during the last quarter. Pennsylvania Trust Co purchased a new stake in Rayonier in the second quarter valued at $218,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Rayonier in the second quarter valued at $275,000. 86.53% of the stock is currently owned by institutional investors.

Rayonier Company Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of June 30, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

See Also: Return on Investment (ROI)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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