Granite Investment Partners LLC raised its stake in CatchMark Timber Trust, Inc. (NYSE:CTT) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 143,634 shares of the financial services provider’s stock after buying an additional 555 shares during the period. Granite Investment Partners LLC’s holdings in CatchMark Timber Trust were worth $1,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pictet Asset Management Ltd. boosted its position in shares of CatchMark Timber Trust by 0.3% in the first quarter. Pictet Asset Management Ltd. now owns 1,799,638 shares of the financial services provider’s stock valued at $20,732,000 after buying an additional 6,169 shares during the period. Vanguard Group Inc. boosted its position in shares of CatchMark Timber Trust by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,725,739 shares of the financial services provider’s stock valued at $19,881,000 after buying an additional 28,538 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of CatchMark Timber Trust by 40.5% in the first quarter. Deprince Race & Zollo Inc. now owns 1,491,195 shares of the financial services provider’s stock valued at $17,179,000 after buying an additional 430,015 shares during the period. State Street Corp boosted 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 during the period. Finally, 1060 Capital LLC boosted its position in shares of CatchMark Timber Trust by 318.8% in the first quarter. 1060 Capital LLC now owns 628,248 shares of the financial services provider’s stock valued at $7,237,000 after buying an additional 478,248 shares during the period. 69.90% of the stock is owned by hedge funds and other institutional investors.

CatchMark Timber Trust, Inc. (NYSE CTT) opened at 11.14 on Friday. CatchMark Timber Trust, Inc. has a one year low of $10.05 and a one year high of $12.07. The company’s 50 day moving average is $11.46 and its 200 day moving average is $11.30. The stock’s market cap is $432.49 million.

CatchMark Timber Trust (NYSE:CTT) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.04. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. The firm had revenue of $26.84 million during the quarter, compared to the consensus estimate of $22.87 million. On average, equities research analysts expect that CatchMark Timber Trust, Inc. will post ($0.37) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 30th will be given a $0.135 dividend. The ex-dividend date is Monday, August 28th. This represents a $0.54 annualized dividend and a yield of 4.85%. CatchMark Timber Trust’s dividend payout ratio (DPR) is -174.19%.

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CTT has been the subject of several recent research reports. Zacks Investment Research raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub cut shares of CatchMark Timber Trust from a “hold” rating to a “sell” rating in a report on Thursday.

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.

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

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