OLD National Bancorp IN lessened its stake in Catchmark Timber Trust Inc (NYSE:CTT) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,829 shares of the financial services provider’s stock after selling 1,156 shares during the quarter. OLD National Bancorp IN’s holdings in Catchmark Timber Trust were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of CTT. Real Estate Management Services LLC increased its position in Catchmark Timber Trust by 135.8% in the 4th quarter. Real Estate Management Services LLC now owns 1,120,500 shares of the financial services provider’s stock valued at $7,956,000 after acquiring an additional 645,281 shares in the last quarter. Vanguard Group Inc increased its position in Catchmark Timber Trust by 10.9% in the 3rd quarter. Vanguard Group Inc now owns 5,032,403 shares of the financial services provider’s stock valued at $57,520,000 after acquiring an additional 494,691 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Catchmark Timber Trust by 10.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,032,403 shares of the financial services provider’s stock worth $57,520,000 after buying an additional 494,691 shares during the period. Peregrine Capital Management LLC grew its position in shares of Catchmark Timber Trust by 134.2% during the 4th quarter. Peregrine Capital Management LLC now owns 823,692 shares of the financial services provider’s stock worth $5,848,000 after buying an additional 472,001 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Catchmark Timber Trust during the 1st quarter worth approximately $1,669,000. Hedge funds and other institutional investors own 80.79% of the company’s stock.
In other news, Director Donald S. Moss acquired 10,000 shares of Catchmark Timber Trust stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of $9.52 per share, with a total value of $95,200.00. Following the purchase, the director now directly owns 57,224 shares of the company’s stock, valued at $544,772.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian M. Davis acquired 3,100 shares of Catchmark Timber Trust stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $10.02 per share, for a total transaction of $31,062.00. Following the purchase, the insider now directly owns 105,197 shares in the company, valued at $1,054,073.94. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.
Shares of NYSE:CTT opened at $9.95 on Thursday. Catchmark Timber Trust Inc has a one year low of $6.71 and a one year high of $13.21. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.70. The company has a market cap of $494.76 million, a PE ratio of -3.90 and a beta of 1.30.
Catchmark Timber Trust (NYSE:CTT) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.06). Catchmark Timber Trust had a negative return on equity of 41.60% and a negative net margin of 154.70%. The business had revenue of $22.57 million for the quarter, compared to analyst estimates of $27.30 million. As a group, equities research analysts forecast that Catchmark Timber Trust Inc will post -2.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Thursday, May 30th. Catchmark Timber Trust’s dividend payout ratio is -21.18%.
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About Catchmark Timber Trust
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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