GSA Capital Partners LLP increased its holdings in CatchMark Timber Trust, Inc. (NYSE:CTT) by 16.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,800 shares of the financial services provider’s stock after acquiring an additional 11,347 shares during the quarter. GSA Capital Partners LLP owned approximately 0.21% of CatchMark Timber Trust worth $919,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CTT. TIAA CREF Investment Management LLC boosted its holdings in CatchMark Timber Trust by 35.1% in the second quarter. TIAA CREF Investment Management LLC now owns 155,686 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 40,465 shares during the last quarter. Teachers Advisors LLC grew its stake in CatchMark Timber Trust by 25.5% during the 2nd quarter. Teachers Advisors LLC now owns 95,056 shares of the financial services provider’s stock valued at $1,081,000 after purchasing an additional 19,329 shares in the last quarter. Martingale Asset Management L P grew its stake in CatchMark Timber Trust by 57.5% during the 2nd quarter. Martingale Asset Management L P now owns 142,716 shares of the financial services provider’s stock valued at $1,623,000 after purchasing an additional 52,101 shares in the last quarter. Alliancebernstein L.P. grew its stake in CatchMark Timber Trust by 17.9% during the 2nd quarter. Alliancebernstein L.P. now owns 45,661 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 6,948 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in CatchMark Timber Trust by 2.2% during the 2nd quarter. Wells Fargo & Company MN now owns 378,381 shares of the financial services provider’s stock valued at $4,301,000 after purchasing an additional 8,176 shares in the last quarter. Institutional investors and hedge funds own 70.15% of the company’s stock.

Several equities research analysts have issued reports on the company. Zacks Investment Research lowered CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th.

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CatchMark Timber Trust, Inc. (CTT) opened at 12.83 on Tuesday. The company’s market capitalization is $498.10 million. CatchMark Timber Trust, Inc. has a 1-year low of $10.05 and a 1-year high of $12.85. The firm’s 50-day moving average is $11.85 and its 200-day moving average is $11.59.

CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. CatchMark Timber Trust had a negative return on equity of 3.26% and a negative net margin of 13.85%. The business had revenue of $26.84 million during the quarter, compared to analysts’ expectations of $22.87 million. Equities research analysts predict that CatchMark Timber Trust, Inc. will post ($0.36) EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Monday, August 28th. CatchMark Timber Trust’s dividend payout ratio (DPR) is currently -174.19%.

CatchMark Timber Trust 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.

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

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