Third Avenue Management's top dividend stocks (April 2026) include Rayonier Inc. (RYN), a leading timberland real estate investment trust.

Third Avenue Management is an investment advisory firm known for its focus on value investing. The firm specializes in identifying deeply undervalued companies with strong balance sheets and intrinsic value, often taking a long-term, concentrated approach to their portfolios. They primarily serve institutional clients and high-net-worth individuals, managing various funds and accounts.

Rayonier Inc. (RYN)

Rayonier Inc. is a leading timberland REIT that owns and manages timberland and develops real estate properties across the United States and New Zealand. The company focuses on sustainable forest management, contributing vital resources to the global economy. For investors seeking income, Rayonier offers an attractive current dividend yield of approximately 12.20%, with a trailing twelve-month dividend rate of $1.08. Third Avenue Management's current portfolio position in Rayonier Inc. is valued at $3.88 million. Analysts have set an average price target of $27.60 for the stock, while a discounted cash flow analysis suggests a value of $3.10.
Here's an overview of Third Avenue Management's trades in Rayonier Inc.:

Sun Communities, Inc. (SUI)

Sun Communities, Inc. operates as a fully integrated REIT, specializing in the ownership, operation, and development of manufactured housing communities, recreational vehicle resorts, and marinas. The company provides a diverse range of affordable housing and leisure living options across North America. This holding represents a significant allocation within Third Avenue Management's portfolio, with the current value of their position standing at $12.21 million. Sun Communities currently delivers a robust dividend yield of about 6.42%, having distributed $8.06 per share over the past twelve months. The stock has an average analyst price target of $138.67, with its discounted cash flow calculated at $134.77.
Here's an overview of Third Avenue Management's trades in Sun Communities, Inc.:

Central Securities Corp (CET)

Central Securities Corp operates as a closed-end investment company, primarily investing in a diversified portfolio of common stocks and convertible securities. Its core objective is to achieve long-term capital appreciation for its shareholders. The company provides a respectable dividend yield of approximately 5.55%, and its trailing twelve-month dividend rate stands at $2.70. Third Avenue Management's current portfolio position in Central Securities Corp is valued at $5.06 million, and a discounted cash flow analysis estimates its value at $1.04.
Here's an overview of Third Avenue Management's trades in Central Securities Corp:

Investors Title Co. (ITIC)

Investors Title Co. is a prominent provider of residential and commercial title insurance and various real estate-related services. The company conducts its operations through a network of subsidiaries and independent agents, serving markets predominantly across the United States. Shareholders benefit from its current dividend yield of approximately 4.93%, with a notable trailing twelve-month dividend rate of $10.56. The current value of Third Avenue Management's position in Investors Title Co. is $4.76 million, and its discounted cash flow is estimated at $253.82.
Here's an overview of Third Avenue Management's trades in Investors Title Co.:

Southside Bancshares Inc (SBSI)

Southside Bancshares Inc is a bank holding company for Southside Bank, a community bank offering a wide array of financial services. These services include commercial and retail banking, mortgage lending, and wealth management, catering to communities throughout Texas. The company offers a solid dividend yield of about 4.74%, having provided $1.44 per share in dividends over the last twelve months. Third Avenue Management holds a position in Southside Bancshares Inc currently valued at $3.63 million, and its discounted cash flow is calculated at $60.77.
Here's an overview of Third Avenue Management's trades in Southside Bancshares Inc: