Catchmark Timber Trust Inc (NYSE:CTT)’s share price traded down 7.4% on Wednesday . The company traded as low as $12.47 and last traded at $12.60. 3,829,530 shares traded hands during trading, an increase of 1,096% from the average session volume of 320,097 shares. The stock had previously closed at $13.61.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Raymond James Financial reiterated a “buy” rating on shares of Catchmark Timber Trust in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $13.75.

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The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $591.68, a PE ratio of -38.18 and a beta of 0.62.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.54 dividend on an annualized basis and a yield of 4.29%. Catchmark Timber Trust’s dividend payout ratio is presently -163.63%.

A number of large investors have recently modified their holdings of the business. Deprince Race & Zollo Inc. boosted its position in Catchmark Timber Trust by 114.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 3,254,679 shares of the financial services provider’s stock worth $42,734,000 after purchasing an additional 1,734,259 shares during the period. BlackRock Inc. boosted its position in Catchmark Timber Trust by 19.4% during the fourth quarter. BlackRock Inc. now owns 3,250,203 shares of the financial services provider’s stock worth $42,674,000 after purchasing an additional 527,152 shares during the period. Vanguard Group Inc. boosted its position in Catchmark Timber Trust by 5.1% during the second quarter. Vanguard Group Inc. now owns 1,813,987 shares of the financial services provider’s stock worth $20,626,000 after purchasing an additional 88,248 shares during the period. Renaissance Technologies LLC boosted its position in Catchmark Timber Trust by 90.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,349,900 shares of the financial services provider’s stock worth $17,724,000 after purchasing an additional 641,300 shares during the period. Finally, Bank of Montreal Can boosted its position in Catchmark Timber Trust by 17.6% during the fourth quarter. Bank of Montreal Can now owns 1,312,533 shares of the financial services provider’s stock worth $17,234,000 after purchasing an additional 196,843 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

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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.

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