Rayonier Inc. REIT with ticker code (RYN) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 36 and 35 calculating the average target price we see $35.67. Given that the stocks previous close was at $32.42 this indicates there is a potential upside of 10.0%. It’s also worth noting that there is a 50 day moving average of $33.18 and the 200 day MA is $34.33. The market cap for the company is $4,855m. Visit the company website at: https://www.rayonier.com
The potential market cap would be $5,342m based on the market consensus.
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 December 31, 2022, Rayonier owned or leased under long-term agreements approximately 2.8 million acres of timberlands located in the U.S. South (1.92 million acres), U.S. Pacific Northwest (474,000 acres) and New Zealand (417,000 acres).
The company has a dividend yield of 3.54% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 44.15, revenue per share of 6.22 and a 2.62% return on assets.
