National Planning Corp lowered its position in shares of CatchMark Timber Trust, Inc. (NYSE:CTT) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 19,186 shares of the financial services provider’s stock after selling 208 shares during the period. National Planning Corp’s holdings in CatchMark Timber Trust were worth $221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its position in CatchMark Timber Trust by 0.7% in the first quarter. Legal & General Group Plc now owns 10,432 shares of the financial services provider’s stock worth $120,000 after buying an additional 73 shares in the last quarter. Alliancebernstein L.P. increased its position in CatchMark Timber Trust by 0.3% in the first quarter. Alliancebernstein L.P. now owns 38,713 shares of the financial services provider’s stock worth $446,000 after buying an additional 134 shares in the last quarter. Granite Investment Partners LLC increased its position in CatchMark Timber Trust by 0.4% in the second quarter. Granite Investment Partners LLC now owns 143,634 shares of the financial services provider’s stock worth $1,633,000 after buying an additional 555 shares in the last quarter. Stifel Financial Corp increased its position in CatchMark Timber Trust by 4.1% in the first quarter. Stifel Financial Corp now owns 17,163 shares of the financial services provider’s stock worth $197,000 after buying an additional 682 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in CatchMark Timber Trust by 6.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,600 shares of the financial services provider’s stock worth $153,000 after buying an additional 882 shares in the last quarter. 70.82% of the stock is owned by institutional investors.

CatchMark Timber Trust, Inc. (CTT) opened at 11.29 on Wednesday. The stock’s 50 day moving average is $11.45 and its 200-day moving average is $11.32. CatchMark Timber Trust, Inc. has a 1-year low of $10.05 and a 1-year high of $12.06. The firm’s market cap is $438.31 million.

CatchMark Timber Trust (NYSE:CTT) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.04. CatchMark Timber Trust had a negative return on equity of 3.26% and a negative net margin of 13.85%. The firm had revenue of $26.84 million during the quarter, compared to analyst estimates of $22.87 million. Analysts forecast that CatchMark Timber Trust, Inc. will post ($0.37) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.135 per share. The ex-dividend date is Monday, August 28th. This represents a $0.54 dividend on an annualized basis and a yield of 4.78%. CatchMark Timber Trust’s payout ratio is presently -174.19%.

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A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.

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

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