Somewhat Favorable News Coverage Somewhat Unlikely to Affect Rayonier (RYN) Share Price
News stories about Rayonier (NYSE:RYN) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rayonier earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.2901907775889 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Rayonier Inc. (RYN) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Critical Review: Catchmark Timber Trust (CTT) and Rayonier (RYN) (americanbankingnews.com)
- Free Post Earnings Research Report: Rayonier’s Revenue Grew 3.8% (finance.yahoo.com)
- Ex-Dividend Reminder: Rayonier, Broadridge Financial Solutions and Extra Space Storage (nasdaq.com)
- Head to Head Comparison: Catchmark Timber Trust (CTT) versus Rayonier (RYN) (americanbankingnews.com)
Several research analysts have recently weighed in on RYN shares. Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday, August 21st. BMO Capital Markets restated a “hold” rating and issued a $31.00 price target on shares of Rayonier in a report on Thursday, November 2nd. Royal Bank of Canada restated a “hold” rating and issued a $29.00 price target on shares of Rayonier in a report on Sunday, October 8th. Finally, BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.25.
Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.14. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The firm had revenue of $177.90 million for the quarter, compared to analyst estimates of $144.06 million. During the same quarter last year, the firm posted $0.33 earnings per share. Rayonier’s revenue for the quarter was up 3.8% compared to the same quarter last year. sell-side analysts anticipate that Rayonier will post 0.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 3.18%. Rayonier’s payout ratio is 95.24%.
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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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