NEW YORK (
) hit a new 52-week high Thursday as it traded at $62.51 compared with its previous 52-Week high of $62.26. Rayonier is changing hands at $62.46 with 10,069 shares traded as of 9:32 a.m. ET. Average volume has been 666,200 shares over the past 30 days.
Rayonier has a market cap of $5 billion and is part of the
industry. Shares are up 18.3% year to date as of the close of trading on Wednesday.
Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company has a P/E ratio of 22.8, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
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