Alliancebernstein L.P. raised its position in shares of CatchMark Timber Trust, Inc. (NYSE:CTT) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 38,713 shares of the financial services provider’s stock after buying an additional 134 shares during the period. Alliancebernstein L.P.’s holdings in CatchMark Timber Trust were worth $446,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in shares of CatchMark Timber Trust by 8.7% in the fourth quarter. State Street Corp now owns 658,637 shares of the financial services provider’s stock valued at $7,419,000 after buying an additional 52,622 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in CatchMark Timber Trust by 8.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,006 shares of the financial services provider’s stock worth $315,000 after buying an additional 2,065 shares during the last quarter. Guggenheim Capital LLC boosted its stake in CatchMark Timber Trust by 6.2% in the fourth quarter. Guggenheim Capital LLC now owns 40,027 shares of the financial services provider’s stock worth $450,000 after buying an additional 2,339 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in CatchMark Timber Trust by 6.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,600 shares of the financial services provider’s stock worth $153,000 after buying an additional 882 shares during the last quarter. Finally, BLB&B Advisors LLC boosted its stake in CatchMark Timber Trust by 12.7% in the first quarter. BLB&B Advisors LLC now owns 24,240 shares of the financial services provider’s stock worth $279,000 after buying an additional 2,740 shares during the last quarter. Institutional investors own 69.90% of the company’s stock.

Shares of CatchMark Timber Trust, Inc. (NYSE CTT) opened at 11.42 on Thursday. The firm’s market cap is $443.36 million. The company has a 50 day moving average of $11.47 and a 200-day moving average of $11.30. CatchMark Timber Trust, Inc. has a 12-month low of $10.05 and a 12-month high of $12.32.

CatchMark Timber Trust (NYSE:CTT) last issued its earnings results on Thursday, August 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The business had revenue of $26.84 million during the quarter, compared to analysts’ expectations of $22.87 million. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. Analysts predict that CatchMark Timber Trust, Inc. will post ($0.37) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be issued a dividend of $0.135 per share. The ex-dividend date is Monday, August 28th. This represents a $0.54 annualized dividend and a dividend yield of 4.73%. CatchMark Timber Trust’s payout ratio is -174.19%.

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Several brokerages recently weighed in on CTT. Zacks Investment Research raised shares of CatchMark Timber Trust from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday. BidaskClub raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th.

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

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