BidaskClub upgraded shares of Catchmark Timber Trust Inc (NYSE:CTT) from a sell rating to a hold rating in a research report released on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Catchmark Timber Trust from a sell rating to a hold rating in a research note on Tuesday, April 25th. TheStreet upgraded shares of Catchmark Timber Trust from a d+ rating to a c- rating in a research note on Friday, April 7th.

Catchmark Timber Trust (NYSE:CTT) traded down 1.72% on Tuesday, reaching $11.46. 60,950 shares of the company’s stock were exchanged. The stock’s market capitalization is $444.76 million. Catchmark Timber Trust has a 12 month low of $10.05 and a 12 month high of $12.58. The firm has a 50 day moving average of $11.49 and a 200 day moving average of $11.25.

Catchmark Timber Trust (NYSE:CTT) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. Catchmark Timber Trust had a negative net margin of 16.02% and a negative return on equity of 3.25%. The company had revenue of $23.13 million for the quarter, compared to analyst estimates of $25.51 million. Equities analysts predict that Catchmark Timber Trust will post ($0.38) earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of 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 valued at $120,000 after buying an additional 73 shares during the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of Catchmark Timber Trust during the first quarter valued at about $121,000. UBS Asset Management Americas Inc. increased its stake in shares of 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 valued at $153,000 after buying an additional 882 shares during the last quarter. NEXT Financial Group Inc increased its stake in shares of Catchmark Timber Trust by 26.2% in the second quarter. NEXT Financial Group Inc now owns 17,237 shares of the financial services provider’s stock valued at $196,000 after buying an additional 3,581 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of 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 valued at $197,000 after buying an additional 682 shares during the last quarter. Institutional investors and hedge funds own 69.67% of the company’s stock.

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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