Bessemer Group Inc. raised its position in CatchMark Timber Trust, Inc. (NYSE:CTT) by 18.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,900 shares of the financial services provider’s stock after buying an additional 10,900 shares during the quarter. Bessemer Group Inc. owned about 0.16% of CatchMark Timber Trust worth $881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CTT. Crawford Investment Counsel Inc. grew its position in shares of CatchMark Timber Trust by 7.6% in the second quarter. Crawford Investment Counsel Inc. now owns 294,393 shares of the financial services provider’s stock valued at $3,347,000 after purchasing an additional 20,891 shares in the last quarter. Pictet Asset Management Ltd. grew its position in shares of CatchMark Timber Trust by 10.8% in the third quarter. Pictet Asset Management Ltd. now owns 1,949,996 shares of the financial services provider’s stock valued at $24,589,000 after purchasing an additional 189,833 shares in the last quarter. Real Estate Management Services LLC grew its position in shares of CatchMark Timber Trust by 127.9% in the second quarter. Real Estate Management Services LLC now owns 368,000 shares of the financial services provider’s stock valued at $4,184,000 after purchasing an additional 206,500 shares in the last quarter. Citadel Advisors LLC grew its position in shares of CatchMark Timber Trust by 247.2% in the second quarter. Citadel Advisors LLC now owns 87,155 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 62,053 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in shares of CatchMark Timber Trust by 28.6% in the second quarter. Punch & Associates Investment Management Inc. now owns 143,375 shares of the financial services provider’s stock valued at $1,630,000 after purchasing an additional 31,850 shares in the last quarter. Hedge funds and other institutional investors own 63.13% of the company’s stock.

Several equities analysts have recently weighed in on the company. BidaskClub cut CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research cut CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Stifel Nicolaus reduced their price target on CatchMark Timber Trust from $13.50 to $12.50 and set a “buy” rating for the company in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. CatchMark Timber Trust presently has a consensus rating of “Hold” and an average target price of $13.25.

CatchMark Timber Trust, Inc. (CTT) opened at $13.30 on Friday. CatchMark Timber Trust, Inc. has a 52-week low of $10.10 and a 52-week high of $13.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Wednesday, November 29th. CatchMark Timber Trust’s payout ratio is -158.82%.

In other CatchMark Timber Trust news, Director Paul S. Fisher bought 2,700 shares of CatchMark Timber Trust stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $12.84 per share, for a total transaction of $34,668.00. Following the completion of the transaction, the director now directly owns 14,918 shares in the company, valued at $191,547.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

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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.

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

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