Vanguard Group Inc. Has $20.63 Million Stake in CatchMark Timber Trust, Inc. (CTT)

Vanguard Group Inc. increased its position in CatchMark Timber Trust, Inc. (NYSE:CTT) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,813,987 shares of the financial services provider’s stock after acquiring an additional 88,248 shares during the quarter. Vanguard Group Inc. owned about 4.67% of CatchMark Timber Trust worth $20,626,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of CatchMark Timber Trust by 0.7% in the first quarter. Legal & General Group Plc now owns 10,432 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 73 shares during the period. Sei Investments Co. boosted its position in shares of CatchMark Timber Trust by 31.3% in the second quarter. Sei Investments Co. now owns 11,008 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 2,626 shares during the period. Citigroup Inc. boosted its position in shares of CatchMark Timber Trust by 62.2% in the second quarter. Citigroup Inc. now owns 14,604 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 5,603 shares during the period. Forsta AP Fonden bought a new position in shares of CatchMark Timber Trust in the second quarter valued at approximately $271,000. Finally, American International Group Inc. boosted its position in shares of CatchMark Timber Trust by 6.9% in the first quarter. American International Group Inc. now owns 23,876 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 1,542 shares during the period. Institutional investors own 63.13% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of CatchMark Timber Trust from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, November 7th. Stifel Nicolaus cut their price objective on shares of CatchMark Timber Trust from $13.50 to $12.50 and set a “buy” rating for the company in a research report on Monday, October 16th. ValuEngine upgraded shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, BidaskClub upgraded shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.25.

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In related news, Director Paul S. Fisher bought 2,700 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $12.84 per share, for a total transaction of $34,668.00. Following the completion of the transaction, the director now directly owns 14,918 shares in the company, valued at approximately $191,547.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Shares of CatchMark Timber Trust, Inc. (NYSE CTT) opened at $13.17 on Wednesday. CatchMark Timber Trust, Inc. has a 1 year low of $10.10 and a 1 year high of $13.27. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.93.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.135 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.54 annualized dividend and a yield of 4.10%. CatchMark Timber Trust’s payout ratio is presently -158.82%.

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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