Somewhat Favorable News Coverage Somewhat Unlikely to Affect Rayonier (RYN) Stock Price
Media stories about Rayonier (NYSE:RYN) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rayonier earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.2568904443105 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Head to Head Comparison: Catchmark Timber Trust (CTT) versus Rayonier (RYN) (americanbankingnews.com)
- Catchmark Timber Trust (CTT) vs. Rayonier (RYN) Head-To-Head Comparison (americanbankingnews.com)
- Stock Traders Buy Large Volume of Rayonier Call Options (RYN) (americanbankingnews.com)
- $165.08 Million in Sales Expected for Rayonier Inc. (RYN) This Quarter (americanbankingnews.com)
Shares of Rayonier (NYSE:RYN) traded up $0.09 during mid-day trading on Monday, hitting $31.30. 330,863 shares of the stock were exchanged, compared to its average volume of 537,421. Rayonier has a 52-week low of $26.15 and a 52-week high of $31.79. The company has a market capitalization of $4,023.96, a price-to-earnings ratio of 63.69, a PEG ratio of 11.61 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.45.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 3.19%. Rayonier’s dividend payout ratio (DPR) is 95.24%.
RYN has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $29.00 price target on shares of Rayonier in a research note on Wednesday, November 15th. Zacks Investment Research lowered shares of Rayonier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $31.00 price target on shares of Rayonier in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $31.25.
Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.
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