Rayonier Inc. REIT with ticker code (RYN) have now 4 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 44 and 36 with the average target price sitting at 39.5. With the stocks previous close at 39.74 this would indicate that there is a downside of -.6%. There is a 50 day moving average of 42.06 while the 200 day moving average is 38.82. The market cap for the company is $5,698m. You can visit the company’s website by visiting: https://www.rayonier.com
The potential market cap would be $5,664m 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.
