Wall Street analysts expect that Rayonier Inc. (NYSE:RYN) will report earnings per share of $0.06 for the current quarter, Zacks reports. Two analysts have provided estimates for Rayonier’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.07. Rayonier posted earnings of $0.19 per share in the same quarter last year, which indicates a negative year over year growth rate of 68.4%. The business is expected to issue its next earnings report after the market closes on Wednesday, October 31st.

According to Zacks, analysts expect that Rayonier will report full year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.68 to $0.70. For the next year, analysts forecast that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.62 to $0.82. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Rayonier.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.10. Rayonier had a net margin of 19.12% and a return on equity of 7.47%. The firm had revenue of $245.90 million during the quarter, compared to analyst estimates of $193.04 million. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Rayonier from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 18th. Zacks Investment Research lowered shares of Rayonier from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Rayonier has an average rating of “Hold” and a consensus price target of $35.40.

Several hedge funds have recently modified their holdings of RYN. Federated Investors Inc. PA grew its stake 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 in the last quarter. BlackRock Inc. grew its stake 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 in the last quarter. Putnam Investments LLC bought a new position in Rayonier in the 2nd quarter valued at $3,399,000. Schwab Charles Investment Management Inc. boosted its holdings in Rayonier by 5.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 991,381 shares of the real estate investment trust’s stock valued at $38,357,000 after purchasing an additional 51,903 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings 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 purchasing an additional 1,753 shares during the period. Institutional investors own 86.23% of the company’s stock.

Shares of RYN stock traded down $0.30 during trading hours on Monday, hitting $30.10. 932,122 shares of the company were exchanged, compared to its average volume of 784,356. The company has a quick ratio of 2.14, a current ratio of 2.37 and a debt-to-equity ratio of 0.57. Rayonier has a 52-week low of $28.93 and a 52-week high of $39.73. The firm has a market cap of $4.38 billion, a P/E ratio of 46.31, a PEG ratio of 9.85 and a beta of 0.16.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.08 annualized dividend and a dividend yield of 3.59%. Rayonier’s payout ratio is currently 166.15%.

About Rayonier

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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