Rayonier The timberland management company reported fourth-quarter earnings on Jan. 24 of $56 million, or 45 cents a share, down from year-ago earnings of $59 million, or 48 cents. "RYN's Performance Fibers business participates in niche and growing end markets that allow for increased participation," Bank of America Merrill Lynch analysts wrote in a March 8 report. "Moreover, these markets are defensive given significant capital costs in adding capacity, technological barriers, high switching costs, and a 1-2 year product qualifying period. Further, investor concerns regarding capacity additions appear to be overdone as such expansions/conversions are primarily targeting commodity viscose, an area where RYN does not participate." Forward Annual Dividend Yield: 3.6% Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin increased from the previous year. Rayonier has weak liquidity. Its Quick Ratio is 0.98, which demonstrates a lack of ability to meet its short-term cash needs. In the fourth quarter, stockholders' net worth increased 5.71% from the prior year. TheStreet Ratings' price target is $56. The stock closed Monday at $45.62 and has risen 2.22% year to date.