Rayonier (RYN) to Release Earnings on Wednesday

Rayonier (NYSE:RYN – Get Rating) will be posting its quarterly earnings results after the market closes on Wednesday, February 1st. Analysts expect Rayonier to post earnings of $0.10 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Rayonier Stock Down 1.5 %

Rayonier stock opened at $34.59 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.88 and a current ratio of 3.16. The business’s 50-day simple moving average is $34.54 and its two-hundred day simple moving average is $34.58. The company has a market cap of $5.06 billion, a PE ratio of 61.77 and a beta of 0.89. Rayonier has a fifty-two week low of $29.51 and a fifty-two week high of $45.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Rayonier in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Institutional Trading of Rayonier

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors purchased a new stake in shares of Rayonier in the second quarter worth about $105,000. CENTRAL TRUST Co boosted its position in Rayonier by 5.2% during the third quarter. CENTRAL TRUST Co now owns 6,097 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 300 shares in the last quarter. Cetera Advisor Networks LLC purchased a new position in Rayonier during the first quarter worth approximately $250,000. Kingsview Wealth Management LLC purchased a new position in Rayonier during the second quarter worth approximately $269,000. Finally, Hsbc Holdings PLC purchased a new position in Rayonier during the first quarter worth approximately $289,000. Hedge funds and other institutional investors own 82.87% of the company’s stock.

About Rayonier

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Rayonier, Inc is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, Timber Funds and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography.