Rayonier Inc. REIT found using ticker (RYN) now have 3 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 42 and 38 with a mean TP of 39.67. Now with the previous closing price of 37.46 this would indicate that there is a potential upside of 5.9%. The day 50 moving average is 37.92 and the 200 day moving average is 39.14. The company has a market capitalisation of $5,648m. Company Website: https://www.rayonier.com
The potential market cap would be $5,981m 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.
