Rayonier Inc. (NYSE:RYN) – DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for shares of Rayonier in a research report issued to clients and investors on Friday. DA Davidson analyst S. Chercover now anticipates that the real estate investment trust will post earnings of $0.16 per share for the quarter, up from their previous forecast of $0.15. DA Davidson also issued estimates for Rayonier’s Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.66 EPS and FY2019 earnings at $0.74 EPS.

Rayonier (NYSE:RYN) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.11. Rayonier had a return on equity of 4.96% and a net margin of 18.64%. The company had revenue of $186.30 million for the quarter, compared to analyst estimates of $165.73 million. During the same period in the prior year, the firm posted $0.05 EPS. The business’s revenue was up 22.9% compared to the same quarter last year.

Several other research analysts have also weighed in on RYN. BMO Capital Markets reaffirmed a “hold” rating and issued a $31.00 target price on shares of Rayonier in a research report on Thursday, November 2nd. Zacks Investment Research raised Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Monday, November 6th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $30.00 target price on shares of Rayonier in a research report on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.00.

Rayonier (NYSE RYN) opened at $32.37 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.68 and a quick ratio of 1.45. Rayonier has a 52-week low of $26.84 and a 52-week high of $33.65. The firm has a market capitalization of $4,061.35, a PE ratio of 27.91, a price-to-earnings-growth ratio of 11.30 and a beta of 0.38.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Rayonier by 1.4% during the 4th quarter. BlackRock Inc. now owns 12,649,731 shares of the real estate investment trust’s stock valued at $400,113,000 after acquiring an additional 178,076 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Rayonier by 0.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,727,707 shares of the real estate investment trust’s stock valued at $136,583,000 after acquiring an additional 41,077 shares during the last quarter. State Street Corp increased its holdings in shares of Rayonier by 5.7% during the 2nd quarter. State Street Corp now owns 3,451,153 shares of the real estate investment trust’s stock valued at $99,289,000 after acquiring an additional 186,679 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of Rayonier by 2.7% during the 4th quarter. Confluence Investment Management LLC now owns 3,029,777 shares of the real estate investment trust’s stock valued at $95,832,000 after acquiring an additional 80,466 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Rayonier by 25.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,205,523 shares of the real estate investment trust’s stock valued at $63,717,000 after acquiring an additional 451,033 shares during the last quarter. 83.60% of the stock is currently owned by institutional investors and hedge funds.

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Rayonier Company Profile

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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