Stifel Financial Corp lessened its stake in Catchmark Timber Trust Inc (NYSE:CTT) by 68.3% in the 4th quarter, Holdings Channel reports. The firm owned 26,968 shares of the financial services provider’s stock after selling 58,188 shares during the period. Stifel Financial Corp’s holdings in Catchmark Timber Trust were worth $189,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Catchmark Timber Trust in the fourth quarter valued at approximately $92,000. Wiley BROS. Aintree Capital LLC acquired a new stake in Catchmark Timber Trust during the fourth quarter worth $121,000. Meeder Asset Management Inc. acquired a new stake in Catchmark Timber Trust during the fourth quarter worth $199,000. Dynamic Technology Lab Private Ltd acquired a new stake in Catchmark Timber Trust during the third quarter worth $204,000. Finally, Jane Street Group LLC acquired a new stake in Catchmark Timber Trust during the third quarter worth $251,000. 82.28% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Donald S. Moss acquired 10,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $9.52 per share, with a total value of $95,200.00. Following the completion of the purchase, the director now owns 57,224 shares of the company’s stock, valued at approximately $544,772.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

CTT stock opened at $9.83 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.49 and a current ratio of 1.49. Catchmark Timber Trust Inc has a 52-week low of $6.71 and a 52-week high of $13.29.

Catchmark Timber Trust (NYSE:CTT) last posted its earnings results on Friday, February 15th. The financial services provider reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.07). Catchmark Timber Trust had a negative return on equity of 30.18% and a negative net margin of 124.68%. The business had revenue of $22.93 million for the quarter, compared to analyst estimates of $24.79 million. Research analysts forecast that Catchmark Timber Trust Inc will post -2.02 EPS for the current fiscal year.

CTT has been the subject of several recent analyst reports. Citigroup raised Catchmark Timber Trust from a “neutral” rating to a “buy” rating in a research note on Monday, January 14th. Zacks Investment Research cut Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Royal Bank of Canada raised their target price on Catchmark Timber Trust from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 19th. Raymond James set a $11.00 target price on Catchmark Timber Trust and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Finally, ValuEngine raised Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $10.75.

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

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