Somewhat Positive News Coverage Somewhat Unlikely to Impact Rayonier (RYN) Stock Price

Media headlines about Rayonier (NYSE:RYN) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rayonier earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.8709523677612 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several analysts recently commented on RYN shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 target price on shares of Rayonier in a report on Friday, January 12th. Zacks Investment Research downgraded shares of Rayonier from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Citigroup started coverage on shares of Rayonier in a research note on Thursday, March 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Four investment 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 a consensus target price of $34.25.

Shares of Rayonier (NYSE RYN) traded down $0.08 during trading hours on Thursday, hitting $35.20. 662,839 shares of the stock traded hands, compared to its average volume of 764,058. The firm has a market cap of $4,547.64, a PE ratio of 30.41, a PEG ratio of 10.80 and a beta of 0.35. Rayonier has a one year low of $26.84 and a one year high of $36.31. The company has a quick ratio of 2.33, a current ratio of 2.68 and a debt-to-equity ratio of 0.60.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.11. The business had revenue of $186.30 million during the quarter, compared to analysts’ expectations of $165.73 million. Rayonier had a net margin of 18.64% and a return on equity of 4.96%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. sell-side analysts forecast that Rayonier will post 0.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, March 15th. Rayonier’s payout ratio is 86.21%.

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About Rayonier

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.

Insider Buying and Selling by Quarter for Rayonier (NYSE:RYN)

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