Rayonier Inc. REIT found using ticker (RYN) have now 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 42 and 38 and has a mean target at 40. Now with the previous closing price of 36.22 this would imply there is a potential upside of 10.4%. The day 50 moving average is 40.77 while the 200 day moving average is 39.12. The market capitalisation for the company is $5,408m. Find out more information at: https://www.rayonier.com
The potential market cap would be $5,973m based on the market concensus.
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.
