Rayonier Inc. (NYSE:RYN) – Analysts at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for Rayonier in a research note issued on Tuesday, April 2nd, Zacks Investment Research reports. Seaport Global Securities analyst M. Weintraub forecasts that the real estate investment trust will earn $0.07 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating and a $31.74 target price on the stock. Seaport Global Securities also issued estimates for Rayonier’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.13 EPS, FY2019 earnings at $0.50 EPS, Q1 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.18 EPS, Q3 2020 earnings at $0.17 EPS, Q4 2020 earnings at $0.15 EPS and FY2020 earnings at $0.60 EPS.
A number of other analysts have also recently issued reports on RYN. TheStreet raised Rayonier from a “c+” rating to a “b-” rating in a research report on Tuesday, April 16th. Zacks Investment Research cut Rayonier from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. ValuEngine cut Rayonier from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Raymond James set a $32.00 price target on Rayonier and gave the stock a “buy” rating in a report on Tuesday, January 8th. Finally, BMO Capital Markets raised Rayonier from an “underperform” rating to a “market perform” rating and set a $28.98 price target for the company in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.91.
Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, February 6th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Rayonier had a net margin of 12.52% and a return on equity of 6.01%. The business had revenue of $166.10 million during the quarter, compared to analyst estimates of $157.34 million. During the same period in the previous year, the business earned $0.02 earnings per share. The business’s quarterly revenue was down 10.8% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.08 annualized dividend and a yield of 3.38%. Rayonier’s payout ratio is currently 136.71%.
Large investors have recently added to or reduced their stakes in the stock. Clean Yield Group acquired a new stake in Rayonier during the 4th quarter worth approximately $31,000. Doyle Wealth Management acquired a new position in Rayonier in the 4th quarter valued at $50,000. Pearl River Capital LLC acquired a new position in Rayonier in the 4th quarter valued at $81,000. Ancora Advisors LLC acquired a new position in Rayonier in the 3rd quarter valued at $106,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in Rayonier in the 4th quarter valued at $89,000. 86.80% of the stock is owned by institutional investors and hedge funds.
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 December 31, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.
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