Rayonier Inc. (NYSE:RYN) has been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

Several research firms have recently commented on RYN. BMO Capital Markets restated a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a research note on Thursday, November 2nd. Zacks Investment Research lowered Rayonier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $29.00 price objective on shares of Rayonier in a research note on Wednesday, November 15th.

A number of hedge funds have recently modified their holdings of RYN. Advisor Group Inc. increased its stake in Rayonier by 22.0% in the 2nd quarter. Advisor Group Inc. now owns 3,566 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 642 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of Rayonier by 88.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,324 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 2,024 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Rayonier during the 4th quarter valued at about $168,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Rayonier by 46.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 2,229 shares during the last quarter. Finally, Gamble Jones Investment Counsel bought a new position in shares of Rayonier during the 4th quarter valued at about $237,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Shares of Rayonier (NYSE:RYN) traded up $0.24 on Friday, reaching $31.64. 1,937,312 shares of the company’s stock were exchanged, compared to its average volume of 641,358. The stock has a market cap of $4,240.00, a price-to-earnings ratio of 31.04, a PEG ratio of 11.58 and a beta of 0.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.74. Rayonier has a 1-year low of $26.84 and a 1-year high of $33.65.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping the consensus estimate of $0.09 by $0.11. The firm had revenue of $186.30 million during the quarter, compared to analyst estimates of $165.73 million. Rayonier had a return on equity of 3.89% and a net margin of 17.06%. Rayonier’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. research analysts expect that Rayonier will post 0.54 earnings per share for the current fiscal year.

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About Rayonier

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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