Rayonier (RYN) Earning Somewhat Favorable Media Coverage, Analysis Shows

Media coverage about Rayonier (NYSE:RYN) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rayonier earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.1208321457184 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

A number of analysts recently commented on RYN shares. BMO Capital Markets reiterated a “hold” rating and issued a $31.00 target price on shares of Rayonier in a research note on Friday, September 29th. Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Monday, November 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $29.00 target price on shares of Rayonier in a research note on Wednesday, November 15th. Finally, BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $31.25.

Rayonier (NYSE:RYN) traded down $0.22 on Monday, reaching $31.10. 328,013 shares of the company’s stock were exchanged, compared to its average volume of 549,692. Rayonier has a 12 month low of $26.07 and a 12 month high of $31.67. The company has a quick ratio of 1.45, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a market cap of $4,038.14, a price-to-earnings ratio of 63.92, a PEG ratio of 11.65 and a beta of 0.36.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The company had revenue of $177.90 million during the quarter, compared to analyst estimates of $144.06 million. During the same period last year, the firm posted $0.33 EPS. Rayonier’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities research analysts anticipate that Rayonier will post 0.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, December 14th. Rayonier’s dividend payout ratio is presently 95.24%.

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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.

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