Rayonier Inc. REIT found using ticker (RYN) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 44 and 38 calculating the average target price we see 40.67. Now with the previous closing price of 41.62 this now indicates there is a potential downside of -2.3%. There is a 50 day moving average of 41.36 and the 200 day MA is 39.01. The company has a market cap of $6,126m. Find out more information at: https://www.rayonier.com
The potential market cap would be $5,986m 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.
