Rayonier Inc. (NYSE:RYN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
Several other research firms have also commented on RYN. Vertical Research upgraded Rayonier to a “buy” rating in a research report on Sunday, May 28th. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Monday, April 17th. Finally, BMO Capital Markets restated a “buy” rating and issued a $31.00 price objective on shares of Rayonier in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Rayonier currently has a consensus rating of “Hold” and a consensus price target of $29.80.
Rayonier (NYSE RYN) opened at 28.52 on Wednesday. The stock has a market cap of $3.52 billion, a P/E ratio of 15.19 and a beta of 0.35. The firm’s 50-day moving average is $28.39 and its 200 day moving average is $28.16. Rayonier has a one year low of $25.24 and a one year high of $29.86.
Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.05. Rayonier had a return on equity of 4.10% and a net margin of 27.54%. The company had revenue of $186.50 million during the quarter, compared to analysts’ expectations of $159.31 million. During the same quarter in the prior year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. On average, analysts anticipate that Rayonier will post $0.38 EPS for the current fiscal year.
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In other Rayonier news, Director Andrew G. Wiltshire bought 6,650 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average price of $27.87 per share, for a total transaction of $185,335.50. Following the transaction, the director now directly owns 26,006 shares of the company’s stock, valued at approximately $724,787.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.61% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of Rayonier by 1.8% in the first quarter. IFP Advisors Inc now owns 3,881 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 67 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Rayonier by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 21,189 shares of the real estate investment trust’s stock worth $600,000 after buying an additional 73 shares during the last quarter. Novare Capital Management LLC raised its position in shares of Rayonier by 0.8% in the first quarter. Novare Capital Management LLC now owns 9,280 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 75 shares during the last quarter. Utah Retirement Systems raised its position in shares of Rayonier by 0.4% in the first quarter. Utah Retirement Systems now owns 22,327 shares of the real estate investment trust’s stock worth $633,000 after buying an additional 100 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Rayonier by 0.8% in the first quarter. UBS Group AG now owns 52,635 shares of the real estate investment trust’s stock worth $1,491,000 after buying an additional 418 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.
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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