Rayonier Inc. (NYSE:RYN) has a beta value of 0.96 and has seen 0.65 million shares traded in the last trading session. The company, currently valued at $5.39B, closed the last trade at $38.31 per share which meant it gained $0.17 on the day or 0.45% during that session. The RYN stock price is -1.75% off its 52-week high price of $38.98 and 34.61% above the 52-week low of $25.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.8 million shares traded. The 3-month trading volume is 738.18K shares.
The consensus among analysts is that Rayonier Inc. (RYN) is a Hold stock at the moment, with a recommendation rating of 3.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 5 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.09.
Rayonier Inc. (NYSE:RYN) trade information
Sporting 0.45% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the RYN stock price touched $38.31 or saw a rise of 0.26%. Year-to-date, Rayonier Inc. shares have moved 30.39%, while the 5-day performance has seen it change 5.98%. Over the past 30 days, the shares of Rayonier Inc. (NYSE:RYN) have changed 3.51%. Short interest in the company has seen 3.52 million shares shorted with days to cover at 4.32.
Wall Street analysts have a consensus price target for the stock at $35.00, which means that the shares’ value could drop -9.46% from current levels. The projected low price target is $34.00 while the price target rests at a high of $36.00. In that case, then, we find that the current price level is 6.03% off the targeted high while a plunge would see the stock lose 11.25% from current levels.
Rayonier Inc. (RYN) estimates and forecasts
Figures show that Rayonier Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 15.81% over the past 6 months, with this year growth rate of 104.00%, compared to 36.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -18.20% and 133.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 9.10%.
5 analysts offering their estimates for the company have set an average revenue estimate of $291.4 million for the current quarter. 4 have an estimated revenue figure of $236.34 million for the next quarter concluding in Sep 2021. Year-ago sales stood $195.6 million and $198.9 million respectively for this quarter and the next, and analysts expect sales will grow by 49.00% for the current quarter and 18.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.90% over the past 5 years. Earnings growth for 2021 is a modest -40.60% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
Rayonier Inc. is expected to release its next earnings report between October 26 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.08 at a share yield of 2.82%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.54%.
Rayonier Inc. (NYSE:RYN)’s Major holders
Insiders own 1.02% of the company shares, while shares held by institutions stand at 89.31% with a share float percentage of 90.22%. Investors are also buoyed by the number of investors in a company, with Rayonier Inc. having a total of 384 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 20.36 million shares worth more than $656.45 million. As of Mar 30, 2021, Price (T.Rowe) Associates Inc held 14.64% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 19.28 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $621.82 million and represent 13.87% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Mid-Cap Value Fund and Vanguard Specialized-Real Estate Index Fund. As of Mar 30, 2021, the former fund manager holds about 5.17% shares in the company for having 7.19 million shares of worth $231.94 million while later fund manager owns 6.1 million shares of worth $187.48 million as of Jan 30, 2021, which makes it owner of about 4.39% of company’s outstanding stock.