Wiley BROS. Aintree Capital LLC lessened its holdings in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 48.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,000 shares of the financial services provider’s stock after selling 13,000 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in Catchmark Timber Trust were worth $160,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in CTT. Westwood Holdings Group Inc. bought a new stake in Catchmark Timber Trust in the 1st quarter valued at approximately $27,000. Royal Bank of Canada acquired a new position in shares of Catchmark Timber Trust during the 2nd quarter worth approximately $64,000. Corient Capital Partners LLC acquired a new position in shares of Catchmark Timber Trust during the 1st quarter worth approximately $102,000. SG Americas Securities LLC acquired a new position in shares of Catchmark Timber Trust during the 1st quarter worth approximately $104,000. Finally, OneAscent Financial Services LLC acquired a new position in shares of Catchmark Timber Trust during the 2nd quarter worth approximately $110,000. Institutional investors and hedge funds own 81.85% of the company’s stock.
CTT has been the subject of several recent research reports. ValuEngine downgraded Catchmark Timber Trust from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Catchmark Timber Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.75.
Catchmark Timber Trust (NYSE:CTT) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported ($0.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by ($0.04). The firm had revenue of $28.66 million during the quarter, compared to the consensus estimate of $32.30 million. Catchmark Timber Trust had a negative net margin of 180.35% and a negative return on equity of 58.86%. As a group, sell-side analysts predict that Catchmark Timber Trust Inc will post -2.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.06%. Catchmark Timber Trust’s payout ratio is -21.18%.
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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