Catchmark Timber Trust Inc (CTT) Position Lifted by North Star Investment Management Corp.

North Star Investment Management Corp. lifted its position in Catchmark Timber Trust Inc (NYSE:CTT) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,900 shares of the financial services provider’s stock after acquiring an additional 17,000 shares during the period. North Star Investment Management Corp. owned about 0.20% of Catchmark Timber Trust worth $1,154,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Catchmark Timber Trust by 0.3% during the second quarter. Rhumbline Advisers now owns 52,017 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 175 shares during the period. Bank of New York Mellon Corp increased its holdings in Catchmark Timber Trust by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 293,693 shares of the financial services provider’s stock valued at $3,339,000 after buying an additional 23,636 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Catchmark Timber Trust by 10.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 31,562 shares of the financial services provider’s stock valued at $359,000 after buying an additional 2,954 shares during the period. Kennedy Capital Management Inc. increased its holdings in Catchmark Timber Trust by 3.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 109,425 shares of the financial services provider’s stock valued at $1,244,000 after buying an additional 3,418 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Catchmark Timber Trust by 2.2% in the 2nd quarter. Wells Fargo & Company MN now owns 378,381 shares of the financial services provider’s stock valued at $4,301,000 after buying an additional 8,176 shares during the period. 63.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Catchmark Timber Trust Inc (NYSE:CTT) opened at $13.06 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 debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $571.03, a PE ratio of -38.41 and a beta of 0.69.

Catchmark Timber Trust (NYSE:CTT) last posted its earnings results on Thursday, November 2nd. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Catchmark Timber Trust had a negative return on equity of 3.64% and a negative net margin of 15.09%. sell-side analysts predict that Catchmark Timber Trust Inc will post -0.33 earnings per share for the current year.

Several brokerages have recently commented on CTT. Raymond James Financial restated a “buy” rating on shares of Catchmark Timber Trust in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of Catchmark Timber Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus reduced their price target on shares of Catchmark Timber Trust from $13.50 to $12.50 and set a “buy” rating on the stock in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Catchmark Timber Trust presently has an average rating of “Hold” and an average target price of $13.75.

In other Catchmark Timber Trust news, Director Paul S. Fisher purchased 2,700 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $12.84 per share, with a total value of $34,668.00. Following the acquisition, the director now directly owns 14,918 shares of the company’s stock, valued at approximately $191,547.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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About Catchmark Timber Trust

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.

Institutional Ownership by Quarter for Catchmark Timber Trust (NYSE:CTT)

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