RBC Capital Reiterates Sector Perform Rating on Rayonier (RYN)

RBC Capital analyst Paul Quinn reiterated a Sector Perform rating and $34.00 price target on Rayonier (NYSE: RYN).

The analyst comments "We hosted Rayonier’s team for a series of meetings with investors in U.S. markets; this note recaps highlights from our discussions. While we see less direct exposure to a lumber recovery for Rayonier versus its timber REIT peers with wood products manufacturing businesses, Rayonier has an attractive and growing pipeline of opportunities in land-based solutions and is positioning its balance sheet conservatively (and generating potential return-of-capital opportunities) through its disposition program."

For an analyst ratings summary and ratings history on Rayonier click here. For more ratings news on Rayonier click here.

Shares of Rayonier closed at $30.07 yesterday.

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