ValuEngine lowered shares of Rayonier (NYSE:RYN) from a buy rating to a hold rating in a report published on Tuesday.

A number of other equities research analysts have also commented on RYN. Zacks Investment Research lowered Rayonier from a buy rating to a hold rating in a research report on Monday, July 30th. BMO Capital Markets lowered Rayonier from a market perform rating to an underperform rating in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $36.50.

NYSE RYN traded up $0.03 during trading hours on Tuesday, reaching $31.27. 487,880 shares of the company’s stock were exchanged, compared to its average volume of 646,591. The firm has a market cap of $4.03 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 7.71 and a beta of 0.43. Rayonier has a one year low of $29.27 and a one year high of $39.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.87 and a quick ratio of 2.14.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.12. The business had revenue of $200.90 million for the quarter, compared to analyst estimates of $179.87 million. Rayonier had a return on equity of 7.34% and a net margin of 18.48%. Rayonier’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. As a group, equities analysts expect that Rayonier will post 0.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.08 dividend on an annualized basis and a yield of 3.45%. Rayonier’s payout ratio is 166.15%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Putnam Investments LLC bought a new position in Rayonier in the 2nd quarter valued at $3,399,000. Federated Investors Inc. PA boosted its position in Rayonier by 25.4% in the 2nd quarter. Federated Investors Inc. PA now owns 100,899 shares of the real estate investment trust’s stock valued at $3,904,000 after buying an additional 20,443 shares during the last quarter. BlackRock Inc. boosted its position in Rayonier by 4.5% in the 2nd quarter. BlackRock Inc. now owns 13,594,331 shares of the real estate investment trust’s stock valued at $525,964,000 after buying an additional 580,100 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in Rayonier in the 2nd quarter valued at $228,000. Finally, Oregon Public Employees Retirement Fund boosted its position in Rayonier by 3.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 50,088 shares of the real estate investment trust’s stock valued at $1,938,000 after buying an additional 1,753 shares during the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Rayonier Company Profile

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 June 30, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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