Swiss National Bank lifted its holdings in Catchmark Timber Trust Inc (NYSE:CTT) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,918 shares of the financial services provider’s stock after buying an additional 7,000 shares during the quarter. Swiss National Bank owned approximately 0.16% of Catchmark Timber Trust worth $931,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in shares of Catchmark Timber Trust by 18.5% in the 3rd quarter. Bessemer Group Inc. now owns 69,900 shares of the financial services provider’s stock worth $881,000 after buying an additional 10,900 shares during the period. RMR Advisors LLC purchased a new stake in shares of Catchmark Timber Trust in the 4th quarter worth about $328,000. Deprince Race & Zollo Inc. grew its position in shares of Catchmark Timber Trust by 0.8% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,520,420 shares of the financial services provider’s stock worth $19,172,000 after buying an additional 11,949 shares during the period. Ninepoint Partners LP purchased a new stake in shares of Catchmark Timber Trust in the 3rd quarter worth about $379,000. Finally, BLB&B Advisors LLC grew its position in shares of Catchmark Timber Trust by 29.8% in the 4th quarter. BLB&B Advisors LLC now owns 39,240 shares of the financial services provider’s stock worth $515,000 after buying an additional 9,000 shares during the period. 75.54% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on CTT. Zacks Investment Research downgraded shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Raymond James Financial reissued a “buy” rating on shares of Catchmark Timber Trust in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.75.
Shares of Catchmark Timber Trust Inc (NYSE CTT) opened at $12.60 on Thursday. Catchmark Timber Trust Inc has a 1 year low of $10.63 and a 1 year high of $13.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.82.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Wednesday, February 28th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Tuesday, February 27th. Catchmark Timber Trust’s dividend payout ratio (DPR) is -163.63%.
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Catchmark Timber Trust Company 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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