Dalton Greiner Hartman Maher & Co. grew its holdings in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 26.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 389,961 shares of the financial services provider’s stock after purchasing an additional 82,342 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Catchmark Timber Trust were worth $5,120,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CTT. Stifel Financial Corp raised its holdings in shares of Catchmark Timber Trust by 21.7% during the 3rd quarter. Stifel Financial Corp now owns 41,215 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 7,342 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Catchmark Timber Trust by 4.4% during the 3rd quarter. Wells Fargo & Company MN now owns 395,181 shares of the financial services provider’s stock worth $4,983,000 after acquiring an additional 16,800 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of Catchmark Timber Trust during the 3rd quarter worth $106,000. Sowell Financial Services LLC purchased a new position in shares of Catchmark Timber Trust during the 3rd quarter worth $149,000. Finally, Ninepoint Partners LP purchased a new position in shares of Catchmark Timber Trust during the 3rd quarter worth $379,000. 63.71% of the stock is currently owned by institutional investors.
Several research firms have recently commented on CTT. Zacks Investment Research upgraded Catchmark Timber Trust from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday. Raymond James Financial reiterated a “buy” rating on shares of Catchmark Timber Trust in a report on Thursday, December 7th. Stifel Nicolaus reduced their price target 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. Finally, ValuEngine upgraded Catchmark Timber Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $13.75.
Catchmark Timber Trust Inc (NYSE:CTT) opened at $13.12 on Friday. Catchmark Timber Trust Inc has a fifty-two week low of $10.10 and a fifty-two week high of $13.47. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $569.72, a price-to-earnings ratio of -37.49 and a beta of 0.69.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 4.12%. Catchmark Timber Trust’s dividend payout ratio is presently -154.29%.
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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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