Media stories about Rayonier (NYSE:RYN) have been trending positive this week, Alpha One Sentiment reports. The research group, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Alpha One 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 news impact score of 0.34 on Alpha One’s scale. Alpha One also assigned media coverage about the real estate investment trust an impact score of 77 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near future.
Shares of Rayonier (NYSE:RYN) traded up 1.16% during trading on Friday, hitting $27.79. 149,846 shares of the stock were exchanged. The firm has a 50 day moving average of $28.24 and a 200-day moving average of $27.83. Rayonier has a 12-month low of $24.47 and a 12-month high of $29.86. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 14.80 and a beta of 0.37.
Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by $0.05. The firm had revenue of $186.50 million for the quarter, compared to the consensus estimate of $159.31 million. Rayonier had a net margin of 26.89% and a return on equity of 4.85%. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts forecast that Rayonier will post $0.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.64%. Rayonier’s payout ratio is 58.14%.
RYN has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Rayonier from a “hold” rating to a “sell” rating in a research note on Tuesday, January 24th. DA Davidson downgraded shares of Rayonier from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Friday, February 10th. They noted that the move was a valuation call. Vertical Research downgraded shares of Rayonier from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Finally, BMO Capital Markets restated a “buy” rating and set a $31.00 price objective on shares of Rayonier in a research report on Thursday, March 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Rayonier presently has a consensus rating of “Hold” and a consensus price target of $29.80.
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In related news, SVP Douglas M. Long sold 2,305 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $29.51, for a total transaction of $68,020.55. Following the transaction, the senior vice president now directly owns 8,556 shares in the company, valued at approximately $252,487.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew G. Wiltshire acquired 6,650 shares of the stock in a transaction on Wednesday, May 10th. The stock was bought at an average cost of $27.87 per share, with a total value of $185,335.50. Following the completion of the transaction, the director now owns 26,006 shares in the company, valued at $724,787.22. The disclosure for this purchase can be found here. Corporate insiders own 0.58% of the company’s stock.
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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