Nuveen Asset Management LLC lifted its position in Catchmark Timber Trust Inc (NYSE:CTT) by 210.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 937,284 shares of the financial services provider’s stock after buying an additional 635,413 shares during the quarter. Nuveen Asset Management LLC owned about 1.91% of Catchmark Timber Trust worth $11,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. lifted its stake in shares of Catchmark Timber Trust by 3.5% in the first quarter. Baird Financial Group Inc. now owns 119,712 shares of the financial services provider’s stock worth $1,493,000 after buying an additional 4,004 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Catchmark Timber Trust by 11.1% in the fourth quarter. California State Teachers Retirement System now owns 68,303 shares of the financial services provider’s stock worth $897,000 after buying an additional 6,820 shares during the last quarter. Swiss National Bank lifted its stake in shares of Catchmark Timber Trust by 11.0% in the fourth quarter. Swiss National Bank now owns 70,918 shares of the financial services provider’s stock worth $931,000 after buying an additional 7,000 shares during the last quarter. Sowell Financial Services LLC lifted its stake in shares of Catchmark Timber Trust by 38.7% in the first quarter. Sowell Financial Services LLC now owns 27,945 shares of the financial services provider’s stock worth $366,000 after buying an additional 7,801 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Catchmark Timber Trust in the first quarter worth $104,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

CTT opened at $12.92 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.44 and a current ratio of 0.44. Catchmark Timber Trust Inc has a twelve month low of $10.81 and a twelve month high of $13.73. The stock has a market capitalization of $627.04 million, a PE ratio of -38.00 and a beta of 0.62.

Catchmark Timber Trust (NYSE:CTT) last posted its earnings results on Friday, May 4th. The financial services provider reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). Catchmark Timber Trust had a negative return on equity of 3.76% and a negative net margin of 16.17%. The firm had revenue of $24.10 million during the quarter, compared to the consensus estimate of $22.38 million. analysts expect that Catchmark Timber Trust Inc will post -3.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Wednesday, May 30th. Catchmark Timber Trust’s payout ratio is -158.82%.

A number of analysts have recently weighed in on CTT shares. Zacks Investment Research upgraded shares of Catchmark Timber Trust from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, March 21st. Stifel Nicolaus upped their target price on shares of Catchmark Timber Trust from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. B. Riley initiated coverage on shares of Catchmark Timber Trust in a research note on Tuesday, May 1st. They set a “buy” rating and a $14.50 target price for the company. ValuEngine upgraded shares of Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Royal Bank of Canada initiated coverage on shares of Catchmark Timber Trust in a research note on Wednesday, May 2nd. They set a “sector perform” rating and a $14.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.13.

Catchmark Timber Trust Company Profile

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and well-timed sales. Headquartered in Atlanta and focused exclusively on timberland ownership, CatchMark began operations in 2007 and owns interests in approximately 520,800 acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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

Receive News & Ratings for Catchmark Timber Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Catchmark Timber Trust and related companies with MarketBeat.com's FREE daily email newsletter.