▼ -11.03% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Rayonier in the last 3 months. The average price target is $29.33, with a high forecast of $32.00 and a low forecast of $25.00. The average price target represents a -11.03% upside from the last price of $32.97.
The current consensus among 3 contributing investment analysts is to hold stock in Rayonier. This Hold consensus rating has held steady for over two years.
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a Âlook-through basisÂ, the Company's ownership in the timber fund business equates to approximately 17,000 acres.