Rayonier Inc. (NYSE:RYN) Given Price Target Of $25.6


As per Rayonier Inc. (NYSE:RYN)’s news release on 2016-07-22, its shareholders will get cash dividend of $0.25 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-16 and 2016-09-30, respectively.

The stock will commence trading ex-dividend from 2016-09-14, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Rayonier Inc. (NYSE:RYN) disbursed $0.25 in dividend compared to distribution of $0.25, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -93.0265%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Rayonier Inc. (NYSE:RYN) to attain a price target of $25.6. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $30. The low price range is set at $21 for next year while the arithmetic mean is seen at 2.17.

Eyeing Earnings Rayonier Inc. (NYSE:RYN) is likely to post quarterly numbers around 2016-11-07 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.14 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Rayonier Inc. (NYSE:RYN) earnings came at $0.07 suggesting a deviation of $0.04. The brokerages targeted EPS of $0.03 for the quarter.

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