News headlines about Rayonier (NYSE:RYN) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rayonier earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.8709523677612 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Rayonier (RYN) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Rayonier (RYN) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Why Is Rayonier (RYN) Up 10.5% Since Its Last Earnings Report? (finance.yahoo.com)
- Rayonier (RYN) Presents At Raymond James 39th Annual Institutional Investors Conference – Slideshow (seekingalpha.com)
RYN has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 price objective on shares of Rayonier in a research report on Friday, January 12th. Zacks Investment Research downgraded shares of Rayonier from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Citigroup started coverage on shares of Rayonier in a report on Thursday, March 1st. They set a “neutral” rating and a $37.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Rayonier has an average rating of “Hold” and an average price target of $34.25.
Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.11. Rayonier had a net margin of 18.64% and a return on equity of 4.96%. The business had revenue of $186.30 million for the quarter, compared to the consensus estimate of $165.73 million. During the same period last year, the company posted $0.05 EPS. Rayonier’s revenue for the quarter was up 22.9% on a year-over-year basis. equities analysts forecast that Rayonier will post 0.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.82%. Rayonier’s dividend payout ratio (DPR) is presently 86.21%.
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Rayonier Company Profile
Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.
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