According to Zacks, “CatchMark Timber Trust Inc. is a real estate investment trust. The Company is involved in the ownership, management, acquisition and disposition of timberlands primarily in the United States. CatchMark Timber Trust Inc. is based in Norcross, Georgia. “
CatchMark Timber Trust (NYSE:CTT) opened at 10.83 on Tuesday. The firm’s market capitalization is $420.53 million. CatchMark Timber Trust has a 12 month low of $9.70 and a 12 month high of $12.58. The firm’s 50-day moving average is $11.51 and its 200 day moving average is $11.42.
CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.07) EPS for the quarter. CatchMark Timber Trust had a positive return on equity of 0.32% and a negative net margin of 10.88%. The business had revenue of $16 million for the quarter, compared to the consensus estimate of $14.20 million. On average, analysts expect that CatchMark Timber Trust will post ($0.08) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, August 30th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.99%. The ex-dividend date was Friday, August 26th. CatchMark Timber Trust’s payout ratio is currently -245.45%.
In other CatchMark Timber Trust news, CFO Brian M. Davis acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were acquired at an average price of $11.70 per share, with a total value of $40,950.00. Following the completion of the purchase, the chief financial officer now directly owns 102,636 shares of the company’s stock, valued at approximately $1,200,841.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.
A number of large investors have recently bought and sold shares of CTT. IFP Advisors Inc raised its stake in CatchMark Timber Trust by 17.2% in the second quarter. IFP Advisors Inc now owns 8,611 shares of the company’s stock valued at $105,000 after buying an additional 1,264 shares during the last quarter. BlackRock Inc. boosted its position in shares of CatchMark Timber Trust by 170.5% in the second quarter. BlackRock Inc. now owns 8,684 shares of the company’s stock valued at $106,000 after buying an additional 5,474 shares during the period. Creative Planning boosted its position in shares of CatchMark Timber Trust by 154.7% in the second quarter. Creative Planning now owns 8,884 shares of the company’s stock valued at $109,000 after buying an additional 5,396 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of CatchMark Timber Trust during the second quarter valued at about $155,000. Finally, Stifel Financial Corp boosted its position in shares of CatchMark Timber Trust by 23.3% in the second quarter. Stifel Financial Corp now owns 13,953 shares of the company’s stock valued at $171,000 after buying an additional 2,640 shares during the period. 73.90% of the stock is currently owned by institutional investors and hedge funds.
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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