Dalton Greiner Hartman Maher & Co. Buys 29,890 Shares of Catchmark Timber Trust Inc (NYSE:CTT)

Dalton Greiner Hartman Maher & Co. lifted its stake in Catchmark Timber Trust Inc (NYSE:CTT) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 576,504 shares of the financial services provider’s stock after purchasing an additional 29,890 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Catchmark Timber Trust were worth $6,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in Catchmark Timber Trust in the second quarter worth about $64,000. OneAscent Financial Services LLC purchased a new stake in Catchmark Timber Trust in the second quarter worth about $110,000. MML Investors Services LLC lifted its stake in Catchmark Timber Trust by 22.7% in the second quarter. MML Investors Services LLC now owns 15,014 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 2,777 shares during the period. State of Alaska Department of Revenue lifted its stake in Catchmark Timber Trust by 243.2% in the fourth quarter. State of Alaska Department of Revenue now owns 13,874 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 9,831 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in Catchmark Timber Trust by 1,134.3% in the second quarter. Westwood Holdings Group Inc. now owns 33,325 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 30,625 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

A number of research firms recently weighed in on CTT. ValuEngine lowered shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Robert W. Baird lowered shares of Catchmark Timber Trust from an “outperform” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research note on Monday, January 6th. Zacks Investment Research lowered shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada lowered shares of Catchmark Timber Trust from an “outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

CTT stock opened at $11.07 on Thursday. The firm has a market cap of $534.67 million, a price-to-earnings ratio of -4.34 and a beta of 1.25. The firm has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $10.79. Catchmark Timber Trust Inc has a one year low of $8.18 and a one year high of $12.54. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.90 and a current ratio of 0.90.

Catchmark Timber Trust (NYSE:CTT) last released its quarterly earnings results on Friday, November 1st. The financial services provider reported ($0.42) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.55) by $0.13. The business had revenue of $26.38 million during the quarter, compared to analyst estimates of $29.23 million. Catchmark Timber Trust had a negative net margin of 119.09% and a negative return on equity of 48.74%. As a group, equities analysts predict that Catchmark Timber Trust Inc will post -2.05 earnings per share for the current fiscal year.

Catchmark Timber Trust Profile

CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.

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

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