CatchMark Timber Trust Inc. (NYSE:CTT) Director Douglas Rubenstein acquired 5,000 shares of CatchMark Timber Trust stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average price of $10.93 per share, with a total value of $54,650.00. Following the completion of the purchase, the director now owns 17,213 shares of the company’s stock, valued at $188,138.09. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

CatchMark Timber Trust Inc. (NYSE:CTT) opened at 11.12 on Monday. The stock’s market capitalization is $431.80 million. The company’s 50-day moving average price is $10.98 and its 200 day moving average price is $11.39. CatchMark Timber Trust Inc. has a 12 month low of $9.70 and a 12 month high of $12.58.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Sunday, November 20th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.54 annualized dividend and a yield of 4.86%. CatchMark Timber Trust’s payout ratio is -225.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in CatchMark Timber Trust by 17.2% in the second quarter. IFP Advisors Inc now owns 8,611 shares of the company’s stock valued at $105,000 after buying an additional 1,264 shares during the last quarter. BlackRock Inc. boosted its position in CatchMark Timber Trust by 170.5% in the second quarter. BlackRock Inc. now owns 8,684 shares of the company’s stock valued at $106,000 after buying an additional 5,474 shares during the last quarter. Creative Planning boosted its position in CatchMark Timber Trust by 154.7% in the second quarter. Creative Planning now owns 8,884 shares of the company’s stock valued at $109,000 after buying an additional 5,396 shares during the last quarter. MSI Financial Services Inc boosted its position in CatchMark Timber Trust by 94.6% in the third quarter. MSI Financial Services Inc now owns 12,116 shares of the company’s stock valued at $142,000 after buying an additional 5,891 shares during the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in CatchMark Timber Trust during the second quarter valued at approximately $155,000. 74.55% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded CatchMark Timber Trust from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, November 8th.

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.

5 Day Chart for NYSE:CTT

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