GSA Capital Partners LLP cut its position in Catchmark Timber Trust Inc (NYSE:CTT) by 22.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,584 shares of the financial services provider’s stock after selling 18,216 shares during the quarter. GSA Capital Partners LLP owned about 0.14% of Catchmark Timber Trust worth $789,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its holdings in shares of Catchmark Timber Trust by 21.7% during the 3rd quarter. Stifel Financial Corp now owns 41,215 shares of the financial services provider’s stock worth $519,000 after buying an additional 7,342 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Catchmark Timber Trust by 4.4% during the 3rd quarter. Wells Fargo & Company MN now owns 395,181 shares of the financial services provider’s stock worth $4,983,000 after buying an additional 16,800 shares in the last quarter. Stelac Advisory Services LLC acquired a new position in shares of Catchmark Timber Trust during the 3rd quarter worth $106,000. Sowell Financial Services LLC acquired a new position in shares of Catchmark Timber Trust during the 3rd quarter worth $149,000. Finally, Ninepoint Partners LP acquired a new position in shares of Catchmark Timber Trust during the 3rd quarter worth $379,000. Institutional investors and hedge funds own 63.71% of the company’s stock.
A number of research firms have recently commented on CTT. Zacks Investment Research cut Catchmark Timber Trust from a “buy” rating to a “hold” rating in a report on Monday. Raymond James Financial reaffirmed a “buy” rating on shares of Catchmark Timber Trust in a report on Thursday, December 7th. Stifel Nicolaus lowered their target price on Catchmark Timber Trust from $13.50 to $12.50 and set a “buy” rating for the company in a report on Monday, October 16th. Finally, ValuEngine raised Catchmark Timber Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $13.75.
Shares of Catchmark Timber Trust Inc (NYSE:CTT) opened at $13.12 on Friday. Catchmark Timber Trust Inc has a 52-week low of $10.10 and a 52-week high of $13.47. The company has a market capitalization of $567.12, a PE ratio of -37.49 and a beta of 0.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 4.12%. Catchmark Timber Trust’s payout ratio is -154.29%.
In other Catchmark Timber Trust news, Director Paul S. Fisher bought 2,700 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $12.84 per share, for a total transaction of $34,668.00. Following the transaction, the director now directly owns 14,918 shares in the company, valued at $191,547.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.
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Catchmark Timber Trust Profile
CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.
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