Rayonier Inc. REIT found using ticker (RYN) now have 4 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 42 and 36 with a mean TP of 38.75. Given that the stocks previous close was at 37.77 this would indicate that there is a potential upside of 2.6%. The 50 day moving average now sits at 37.28 while the 200 day moving average is 39.12. The company has a market cap of $5,652m. Visit the company website at: https://www.rayonier.com
The potential market cap would be $5,798m 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.
