Rayonier Inc. REIT with ticker code (RYN) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 39 and 35 and has a mean target at $36.67. Given that the stocks previous close was at $32.62 this is indicating there is a potential upside of 12.4%. The 50 day MA is $34.42 while the 200 day moving average is $35.16. The market capitalization for the company is $4,951m. Company Website: https://www.rayonier.com
The potential market cap would be $5,566m 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 3.47% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 45.69, revenue per share of 6.22 and a 2.62% return on assets.
