CatchMark Timber Trust Inc. (CTT) To Go Ex-Dividend on November 16th
CatchMark Timber Trust Inc. (NYSE:CTT) declared a quarterly dividend on Friday, November 4th. Stockholders of record on Sunday, November 20th will be paid a dividend of 0.135 per share on Friday, December 16th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Wednesday, November 16th.
CatchMark Timber Trust (NYSE:CTT) opened at 10.92 on Friday. The stock’s market cap is $424.03 million. The stock has a 50 day moving average price of $11.00 and a 200-day moving average price of $11.39. CatchMark Timber Trust has a one year low of $9.70 and a one year high of $12.58.
In other CatchMark Timber Trust news, Director Douglas Rubenstein purchased 5,000 shares of CatchMark Timber Trust stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average price of $10.93 per share, with a total value of $54,650.00. Following the acquisition, the director now owns 17,213 shares of the company’s stock, valued at approximately $188,138.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian M. Davis purchased 3,500 shares of CatchMark Timber Trust stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average cost of $11.70 per share, with a total value of $40,950.00. Following the acquisition, the chief financial officer now directly owns 102,636 shares in the company, valued at approximately $1,200,841.20. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in CTT. Advisor Group Inc. acquired a new position in CatchMark Timber Trust during the second quarter worth $2,229,000. BlackRock Fund Advisors boosted its position in shares of CatchMark Timber Trust by 13.3% in the third quarter. BlackRock Fund Advisors now owns 1,344,761 shares of the company’s stock worth $15,720,000 after buying an additional 157,388 shares during the last quarter. BlackRock Group LTD boosted its position in shares of CatchMark Timber Trust by 65.4% in the third quarter. BlackRock Group LTD now owns 135,144 shares of the company’s stock worth $1,580,000 after buying an additional 53,425 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of CatchMark Timber Trust during the second quarter worth approximately $603,000. Finally, Guggenheim Capital LLC purchased a new position in shares of CatchMark Timber Trust during the second quarter worth approximately $511,000. 73.85% of the stock is owned by institutional investors.
Separately, Zacks Investment Research downgraded CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th.
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.
Receive News & Stock Ratings for CatchMark Timber Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CatchMark Timber Trust Inc. and related stocks with our FREE daily email newsletter.