Rayonier Inc. REIT which can be found using ticker (RYN) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 39 and 35 with the average target price sitting at $36.67. Given that the stocks previous close was at $31.33 this would indicate that there is a potential upside of 17.0%. The 50 day MA is $34.15 and the 200 day moving average is $34.79. The market cap for the company is $4,826m. You can visit the company’s website by visiting: https://www.rayonier.com
The potential market cap would be $5,649m 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 3.64% with the ex dividend date set at 16-3-2023 (DMY).
Other points of data to note are a P/E ratio of 42.76, revenue per share of 6.22 and a 2.62% return on assets.
