Crawford Investment Counsel Inc. increased its stake in shares of CatchMark Timber Trust, Inc. (NYSE:CTT) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 294,393 shares of the financial services provider’s stock after buying an additional 20,891 shares during the period. Crawford Investment Counsel Inc. owned about 0.76% of CatchMark Timber Trust worth $3,347,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CTT. 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 buying an additional 73 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of CatchMark Timber Trust by 0.3% in the first quarter. Alliancebernstein L.P. now owns 38,713 shares of the financial services provider’s stock valued at $446,000 after buying an additional 134 shares in the last quarter. Rhumbline Advisers boosted its position in shares of CatchMark Timber Trust by 0.3% in the second quarter. Rhumbline Advisers now owns 52,017 shares of the financial services provider’s stock valued at $591,000 after buying an additional 175 shares in the last quarter. Granite Investment Partners LLC boosted its position in shares of CatchMark Timber Trust by 0.4% in the second quarter. Granite Investment Partners LLC now owns 143,634 shares of the financial services provider’s stock valued at $1,633,000 after buying an additional 555 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of CatchMark Timber Trust by 4.1% in the first quarter. Stifel Financial Corp now owns 17,163 shares of the financial services provider’s stock valued at $197,000 after buying an additional 682 shares in the last quarter. Institutional investors own 70.15% of the company’s stock.

Shares of CatchMark Timber Trust, Inc. (NYSE CTT) opened at 11.45 on Thursday. The stock’s market cap is $444.52 million. The firm has a 50-day moving average of $11.43 and a 200-day moving average of $11.36. CatchMark Timber Trust, Inc. has a one year low of $10.05 and a one year high of $12.06.

CatchMark Timber Trust (NYSE:CTT) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The company had revenue of $26.84 million for the quarter, compared to analyst estimates of $22.87 million. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. On average, equities research analysts expect that CatchMark Timber Trust, Inc. will post ($0.36) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 30th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Monday, August 28th. CatchMark Timber Trust’s dividend payout ratio is presently -174.19%.

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CTT has been the topic of a number of recent research reports. BidaskClub cut shares of CatchMark Timber Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research cut shares of CatchMark Timber Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 10th.

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.

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

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