Rayonier Inc. REIT with ticker code (RYN) have now 4 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 36 with a mean TP of 38.75. Given that the stocks previous close was at 36.2 this indicates there is a potential upside of 7.0%. The 50 day moving average now sits at 37.77 and the 200 moving average now moves to 39.14. The market capitalisation for the company is $5,457m. Company Website: https://www.rayonier.com
The potential market cap would be $5,842m 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.
