Rayonier Inc. REIT (NYSE:RYN) traded today at a new 52-week high of $42.18. This new high was reached on below average trading volume as 124,000 shares traded hands, while the average 30-day volume is approximately 601,000 shares.
Rayonier Inc. REIT (NYSE:RYN) is currently priced 4.0% above its average consensus analyst price target of $40.45.
Rayonier Inc is a real estate investment trust. The company owns and manages timberland. It derives revenue from the following core business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, and Trading. The majority of revenue is earned from the New Zealand timber segment. It owns land in the United States and New Zealand.
Over the past year, Rayonier Inc. REIT has traded in a range of $30.82 to $42.18 and is now at $42.13, 37% above that low.
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