Acadian Asset Management LLC bought a new position in Catchmark Timber Trust Inc (NYSE:CTT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,948 shares of the financial services provider’s stock, valued at approximately $104,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in Catchmark Timber Trust by 17.6% in the fourth quarter. Bank of Montreal Can now owns 1,312,533 shares of the financial services provider’s stock valued at $17,234,000 after purchasing an additional 196,843 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in Catchmark Timber Trust by 10.8% in the third quarter. Pictet Asset Management Ltd. now owns 1,949,996 shares of the financial services provider’s stock valued at $24,589,000 after purchasing an additional 189,833 shares during the last quarter. Vanguard Group Inc. lifted its position in Catchmark Timber Trust by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,813,987 shares of the financial services provider’s stock valued at $20,626,000 after purchasing an additional 88,248 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in Catchmark Timber Trust by 26.8% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 389,961 shares of the financial services provider’s stock valued at $5,120,000 after purchasing an additional 82,342 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Catchmark Timber Trust in the third quarter valued at approximately $718,000. Institutional investors own 68.43% of the company’s stock.

Shares of Catchmark Timber Trust Inc (NYSE CTT) opened at $12.20 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $529.77, a PE ratio of -34.86 and a beta of 0.65. Catchmark Timber Trust Inc has a 1 year low of $10.47 and a 1 year high of $13.47.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Raymond James Financial reissued a “buy” rating on shares of Catchmark Timber Trust in a report on Thursday, December 7th. Finally, Stifel Nicolaus lowered their target price on Catchmark Timber Trust from $13.50 to $12.50 and set a “buy” rating on the stock in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.75.

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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.

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

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