Citadel Advisors LLC increased its holdings in shares of CatchMark Timber Trust, Inc. (NYSE:CTT) by 247.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 87,155 shares of the financial services provider’s stock after purchasing an additional 62,053 shares during the period. Citadel Advisors LLC owned 0.22% of CatchMark Timber Trust worth $991,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Crawford Investment Counsel Inc. grew its holdings in CatchMark Timber Trust by 7.6% during the second quarter. Crawford Investment Counsel Inc. now owns 294,393 shares of the financial services provider’s stock worth $3,347,000 after purchasing an additional 20,891 shares during the period. Karp Capital Management Corp bought a new position in CatchMark Timber Trust during the first quarter worth about $286,000. Real Estate Management Services LLC grew its holdings in CatchMark Timber Trust by 127.9% during the second quarter. Real Estate Management Services LLC now owns 368,000 shares of the financial services provider’s stock worth $4,184,000 after purchasing an additional 206,500 shares during the period. Forsta AP Fonden bought a new position in CatchMark Timber Trust during the second quarter worth about $271,000. Finally, AXA bought a new position in CatchMark Timber Trust during the first quarter worth about $203,000. Institutional investors and hedge funds own 70.15% of the company’s stock.

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CTT has been the subject of a number of research analyst reports. Zacks Investment Research cut CatchMark Timber Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub cut CatchMark Timber Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, ValuEngine upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th.

Shares of CatchMark Timber Trust, Inc. (CTT) opened at 12.79 on Friday. CatchMark Timber Trust, Inc. has a one year low of $10.05 and a one year high of $12.92. The stock’s 50 day moving average price is $11.97 and its 200-day moving average price is $11.62. The company’s market cap is $496.55 million.

CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The firm had revenue of $26.84 million during the quarter, compared to analyst estimates of $22.87 million. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. On average, analysts expect that CatchMark Timber Trust, Inc. will post ($0.36) EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were paid a $0.135 dividend. The ex-dividend date was Monday, August 28th. This represents a $0.54 annualized dividend and a yield of 4.22%. CatchMark Timber Trust’s dividend payout ratio (DPR) is -174.19%.

CatchMark Timber Trust Profile

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

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