Rayonier Inc. REIT with ticker code (RYN) now have 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 39 and 35 suggesting an average Analsyt target price of $36.67. Given that the stocks previous close was at $31.84 and the analysts are correct then there would likely be a percentage uptick in value of 15.2%. Also worth taking note is the 50 day moving average now sits at $34.21 and the 200 moving average now moves to $34.84. The market cap for the company is $4,715m. Company Website: https://www.rayonier.com
The potential market cap would be $5,430m 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 3.5% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 44.76, revenue per share of 6.22 and a 2.62% return on assets.
