CatchMark Timber Trust, Inc. (NYSE:CTT) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in CatchMark Timber Trust, Inc. (NYSE:CTT) by 308.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,147 shares of the financial services provider’s stock after purchasing an additional 97,557 shares during the period. Russell Investments Group Ltd. owned about 0.26% of CatchMark Timber Trust worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CTT. Camelot Portfolios LLC increased its holdings in CatchMark Timber Trust by 51.0% in the 2nd quarter. Camelot Portfolios LLC now owns 114,406 shares of the financial services provider’s stock worth $1,339,000 after acquiring an additional 38,626 shares in the last quarter. BlackRock Inc. increased its holdings in CatchMark Timber Trust by 4.5% in the 1st quarter. BlackRock Inc. now owns 4,215,971 shares of the financial services provider’s stock worth $42,918,000 after acquiring an additional 183,086 shares in the last quarter. Swiss National Bank increased its holdings in CatchMark Timber Trust by 1.8% in the 1st quarter. Swiss National Bank now owns 111,418 shares of the financial services provider’s stock worth $1,134,000 after acquiring an additional 2,000 shares in the last quarter. IndexIQ Advisors LLC increased its holdings in CatchMark Timber Trust by 8.5% in the 1st quarter. IndexIQ Advisors LLC now owns 19,086 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 1,503 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in CatchMark Timber Trust by 65.3% in the 1st quarter. GSA Capital Partners LLP now owns 51,524 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 20,363 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.

Shares of CTT opened at $11.75 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 3.31. CatchMark Timber Trust, Inc. has a 12-month low of $7.91 and a 12-month high of $12.78. The firm has a 50-day moving average price of $11.62 and a 200 day moving average price of $11.44. The firm has a market capitalization of $574.56 million, a P/E ratio of -97.91 and a beta of 1.41.

CatchMark Timber Trust (NYSE:CTT) last announced its quarterly earnings data on Thursday, August 5th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.08. CatchMark Timber Trust had a negative net margin of 5.12% and a negative return on equity of 4.42%. Equities research analysts predict that CatchMark Timber Trust, Inc. will post 0.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were given a $0.135 dividend. The ex-dividend date of this dividend was Monday, August 30th. This represents a $0.54 dividend on an annualized basis and a yield of 4.60%. CatchMark Timber Trust’s payout ratio is currently -150.00%.

CTT has been the subject of a number of research reports. Zacks Investment Research raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, August 10th. Raymond James upped their target price on shares of CatchMark Timber Trust from $11.50 to $13.50 and gave the stock an “outperform” rating in a report on Wednesday, June 2nd. Finally, upped their target price on shares of CatchMark Timber Trust from $13.00 to $13.50 and gave the stock a “buy” rating in a report on Monday, May 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $12.90.

CatchMark Timber Trust Profile

CatchMark Timber Trust, Inc engages in the ownership, management, acquisition, and disposition of timberlands. It operates through the following business segments: Harvest, Real Estate and Investment Management. The Harvest segment includes wholly-owned timber assets and associated timber sales, other revenues and related expenses.

See Also: Dividend Yield

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

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