Rayonier Inc. REIT with ticker code (RYN) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 42 and 38 with a mean TP of 39.67. Given that the stocks previous close was at 37.12 this now indicates there is a potential upside of 6.9%. There is a 50 day moving average of 37.96 and the 200 moving average now moves to 39.12. The company has a market capitalisation of $5,470m. Find out more information at: https://www.rayonier.com
The potential market cap would be $5,845m 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.
