Rayonier Inc. REIT which can be found using ticker (RYN) now have 3 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 36 and 35 with the average target price sitting at $35.67. Given that the stocks previous close was at $33.24 and the analysts are correct then we can expect a percentage increase in value of 7.3%. It’s also worth noting that there is a 50 day moving average of $33.82 and the 200 moving average now moves to $34.57. The company has a market cap of $4,965m. Visit the company website at: https://www.rayonier.com
The potential market cap would be $5,328m 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, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a look-through basis, the Company’s ownership in the timber fund business equates to approximately 17,000 acres.
The company has a dividend yield of 3.46% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 45.15, revenue per share of 6.22 and a 2.62% return on assets.
