Rayonier Inc. REIT found using ticker (RYN) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 44 and 38 calculating the mean target price we have 40.67. With the stocks previous close at 36.24 this now indicates there is a potential upside of 12.2%. The 50 day MA is 41.81 and the 200 day MA is 38.81. The company has a market cap of $5,634m. Visit the company website at: https://www.rayonier.com
The potential market cap would be $6,323m 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.
