Rayonier Inc. REIT with ticker code (RYN) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 39 and 36 and has a mean target at 37. Given that the stocks previous close was at 34.53 this would indicate that there is a potential upside of 7.2%. The day 50 moving average is 34.63 and the 200 day MA is 35.57. The company has a market cap of $5,205m. Visit the company website at: https://www.rayonier.com
The potential market cap would be $5,578m 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.
