Rayonier Inc.
A timberland real estate investment trust that owns and manages millions of acres of forest across the U.S. South, Pacific Northwest, and New Zealand, harvesting and selling sawtimber, pulpwood, and biomass to lumber mills and papermakers. It began in 1926 as the Rainier Pulp and Paper Company in Washington state, named for nearby Mount Rainier, and blended "rayon" into the name for the pulp it made for rayon manufacturing. In 2014 it spun off its fibers business to become a pure timberland REIT.
Timberland REIT
Estimated from filings — the split-adjusted price range over the quarters each manager built the position. A range, not a fill price; 13F reports a quarter-end snapshot, not a trade date.