CatchMark Timber Trust Inc. (CTT) Position Decreased by Advisors Asset Management Inc.
Advisors Asset Management Inc. decreased its stake in shares of CatchMark Timber Trust Inc. (NYSE:CTT) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,462 shares of the company’s stock after selling 1,854 shares during the period. Advisors Asset Management Inc.’s holdings in CatchMark Timber Trust were worth $201,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System acquired a new position in shares of CatchMark Timber Trust during the second quarter valued at about $466,000. DIAM Co. Ltd. raised its stake in shares of CatchMark Timber Trust by 1.2% in the second quarter. DIAM Co. Ltd. now owns 1,613,930 shares of the company’s stock worth $19,212,000 after buying an additional 19,300 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of CatchMark Timber Trust during the second quarter worth about $5,462,000. Swiss National Bank raised its stake in shares of CatchMark Timber Trust by 11.6% in the second quarter. Swiss National Bank now owns 59,618 shares of the company’s stock worth $729,000 after buying an additional 6,218 shares during the last quarter. Finally, Amica Mutual Insurance Co. raised its stake in shares of CatchMark Timber Trust by 18.2% in the second quarter. Amica Mutual Insurance Co. now owns 264,471 shares of the company’s stock worth $3,232,000 after buying an additional 40,744 shares during the last quarter. Institutional investors and hedge funds own 73.90% of the company’s stock.
CatchMark Timber Trust Inc. (NYSE:CTT) traded down 1.96% during mid-day trading on Wednesday, reaching $11.03. The company’s stock had a trading volume of 22,986 shares. The firm’s market capitalization is $428.29 million. The company’s 50-day moving average price is $11.63 and its 200 day moving average price is $11.42. CatchMark Timber Trust Inc. has a 52 week low of $9.70 and a 52 week high of $12.58.
CatchMark Timber Trust (NYSE:CTT) last posted its earnings results on Monday, August 8th. The company reported ($0.07) earnings per share for the quarter. CatchMark Timber Trust had a negative net margin of 10.88% and a positive return on equity of 0.32%. The company earned $16 million during the quarter, compared to analyst estimates of $14.20 million. On average, equities analysts forecast that CatchMark Timber Trust Inc. will post ($0.08) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Tuesday, August 30th were given a $0.135 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $0.54 annualized dividend and a yield of 4.80%. CatchMark Timber Trust’s dividend payout ratio is presently -245.45%.
Separately, Zacks Investment Research lowered CatchMark Timber Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.
In other CatchMark Timber Trust news, CFO Brian M. Davis purchased 3,500 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was bought at an average price of $11.70 per share, with a total value of $40,950.00. Following the transaction, the chief financial officer now directly owns 102,636 shares of the company’s stock, valued at approximately $1,200,841.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.
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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