Somewhat Positive News Coverage Somewhat Unlikely to Affect Rayonier (RYN) Stock 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 0.06 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.6264468744086 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.
RYN has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “hold” rating and set a $30.00 price objective on shares of Rayonier in a report on Friday, January 12th. Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, March 6th. Finally, Citigroup initiated coverage on shares of Rayonier in a report on Thursday, March 1st. They set a “neutral” rating and a $37.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $34.25.
Shares of Rayonier (NYSE:RYN) traded up $0.08 during mid-day trading on Tuesday, hitting $35.38. 616,979 shares of the stock traded hands, compared to its average volume of 756,587. The stock has a market cap of $4,590.23, a price-to-earnings ratio of 30.50, a P/E/G ratio of 10.90 and a beta of 0.35. Rayonier has a 1-year low of $26.84 and a 1-year high of $35.94. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.68.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.83%. Rayonier’s payout ratio is currently 86.21%.
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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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