Catchmark Timber Trust Inc (CTT) Position Boosted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its stake in Catchmark Timber Trust Inc (NYSE:CTT) by 21.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,512 shares of the financial services provider’s stock after purchasing an additional 9,333 shares during the quarter. Cubist Systematic Strategies LLC owned 0.11% of Catchmark Timber Trust worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its position in shares of Catchmark Timber Trust by 3.5% in the 1st quarter. Baird Financial Group Inc. now owns 119,712 shares of the financial services provider’s stock valued at $1,493,000 after purchasing an additional 4,004 shares during the period. California State Teachers Retirement System boosted its position in shares of Catchmark Timber Trust by 11.1% in the 4th quarter. California State Teachers Retirement System now owns 68,303 shares of the financial services provider’s stock valued at $897,000 after purchasing an additional 6,820 shares during the period. Swiss National Bank boosted its position in shares of Catchmark Timber Trust by 11.0% in the 4th quarter. Swiss National Bank now owns 70,918 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 7,000 shares during the period. Sowell Financial Services LLC boosted its position in shares of Catchmark Timber Trust by 38.7% in the 1st quarter. Sowell Financial Services LLC now owns 27,945 shares of the financial services provider’s stock valued at $366,000 after purchasing an additional 7,801 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Catchmark Timber Trust by 53.2% in the 1st quarter. LPL Financial LLC now owns 22,616 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 7,850 shares during the period. Institutional investors and hedge funds own 76.13% of the company’s stock.

A number of equities analysts recently weighed in on the company. ValuEngine upgraded Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded Catchmark Timber Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Royal Bank of Canada assumed coverage on Catchmark Timber Trust in a research report on Wednesday, May 2nd. They issued a “sector perform” rating and a $14.00 price target for the company. B. Riley assumed coverage on Catchmark Timber Trust in a research report on Tuesday, May 1st. They issued a “buy” rating and a $14.50 price target for the company. Finally, Stifel Nicolaus increased their price target on Catchmark Timber Trust from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.13.

Shares of Catchmark Timber Trust opened at $12.86 on Wednesday, according to MarketBeat.com. Catchmark Timber Trust Inc has a one year low of $10.81 and a one year high of $13.73. The stock has a market cap of $616.23 million, a price-to-earnings ratio of -37.82 and a beta of 0.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.44 and a quick ratio of 0.44.

Catchmark Timber Trust (NYSE:CTT) last announced its quarterly earnings data on Friday, May 4th. The financial services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.01). Catchmark Timber Trust had a negative return on equity of 3.76% and a negative net margin of 16.17%. The business had revenue of $24.10 million for the quarter, compared to analyst estimates of $22.38 million. equities analysts expect that Catchmark Timber Trust Inc will post -3.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.135 per share. The ex-dividend date was Wednesday, May 30th. This represents a $0.54 dividend on an annualized basis and a yield of 4.20%. Catchmark Timber Trust’s payout ratio is presently -158.82%.

About Catchmark Timber Trust

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and well-timed sales. Headquartered in Atlanta and focused exclusively on timberland ownership, CatchMark began operations in 2007 and owns interests in approximately 520,800 acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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

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