Rayonier Inc. REIT found using ticker (RYN) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 40 and 36 with the average target price sitting at 38.5. Now with the previous closing price of 42.36 this now indicates there is a potential downside of -9.1%. The 50 day moving average now sits at 39.85 while the 200 day moving average is 38.2. The market capitalisation for the company is $6,440m. Company Website: https://www.rayonier.com
The potential market cap would be $5,854m 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.
