News articles about Rayonier (NYSE:RYN) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rayonier earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.4957837832493 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Jacobs (JEC) Wins Borealis’ FEED Study Contract in Belgium (finance.yahoo.com)
- Here's Why You Should Add Rayonier (RYN) to Your Portfolio (finance.yahoo.com)
- Fluor (FLR) Finishes Puerto Rico’s Priority Power Line Work (zacks.com)
- Rayonier Inc. (RYN) (finance.yahoo.com)
Shares of Rayonier (RYN) opened at $31.51 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.74. The firm has a market cap of $4,121.95, a P/E ratio of 30.01, a P/E/G ratio of 11.90 and a beta of 0.39. Rayonier has a twelve month low of $26.84 and a twelve month high of $32.31.
Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.14. The business had revenue of $177.90 million for the quarter, compared to analyst estimates of $144.06 million. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. Rayonier’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. analysts forecast that Rayonier will post 0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, December 14th. Rayonier’s dividend payout ratio (DPR) is presently 95.24%.
RYN has been the topic of several research reports. Zacks Investment Research lowered shares of Rayonier from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. BMO Capital Markets reissued a “hold” rating and issued a $31.00 price target on shares of Rayonier in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $29.00 price target on shares of Rayonier in a research report on Wednesday, November 15th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.25.
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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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