NewsMV
Palm Valley Capital Management increased its position in Rayonier Inc.
(NYSE: RYN) during the third quarter of 2026, citing timberland trading at a significant discount to estimated value despite a decline in the stock price.
The investment management firm detailed this move in its third-quarter investor letter for the Palm Valley Capital Fund, noting that Rayonier's operating results exceeded expectations even as market conditions pressured the share price.
According to the letter, Rayonier was one of three positions that contributed most negatively to the fund's performance during the period, alongside Flowers Foods (ticker: FLO) and Reynolds Consumer Products (ticker: REYN).
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