Shares of CatchMark Timber Trust, Inc. (NYSE:CTT) have received an average broker rating score of 1.33 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.

Brokers have set a 1-year consensus target price of $13.67 for the company and are expecting that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also given CatchMark Timber Trust an industry rank of 198 out of 265 based on the ratings given to related companies.

Several brokerages have commented on CTT. BidaskClub downgraded CatchMark Timber Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine upgraded shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus lowered their price objective on shares of CatchMark Timber Trust from $13.50 to $12.50 and set a “buy” rating on the stock in a research note on Monday, October 16th.

In related news, Director Paul S. Fisher acquired 2,700 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $12.84 per share, for a total transaction of $34,668.00. Following the completion of the purchase, the director now owns 14,918 shares in the company, valued at approximately $191,547.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Pictet Asset Management Ltd. grew its stake 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 worth $24,589,000 after acquiring an additional 189,833 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CatchMark Timber Trust by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,813,987 shares of the financial services provider’s stock worth $20,626,000 after acquiring an additional 88,248 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of CatchMark Timber Trust by 0.8% in the third quarter. Deprince Race & Zollo Inc. now owns 1,520,420 shares of the financial services provider’s stock worth $19,172,000 after acquiring an additional 11,949 shares during the last quarter. Pax World Management LLC grew its stake in shares of CatchMark Timber Trust by 2.7% in the third quarter. Pax World Management LLC now owns 973,442 shares of the financial services provider’s stock worth $12,275,000 after acquiring an additional 25,530 shares during the last quarter. Finally, State Street Corp grew its stake in shares of CatchMark Timber Trust by 4.5% in the second quarter. State Street Corp now owns 802,831 shares of the financial services provider’s stock worth $9,131,000 after acquiring an additional 34,856 shares during the last quarter. Institutional investors and hedge funds own 63.75% of the company’s stock.

Shares of CatchMark Timber Trust (NYSE CTT) traded down $0.01 during mid-day trading on Tuesday, reaching $13.18. The company’s stock had a trading volume of 148,714 shares, compared to its average volume of 160,896. CatchMark Timber Trust has a one year low of $10.10 and a one year high of $13.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.54 annualized dividend and a dividend yield of 4.10%. CatchMark Timber Trust’s payout ratio is -154.29%.

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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.

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