CatchMark Timber Trust, Inc. (NYSE:CTT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

According to Zacks, “CatchMark Timber Trust Inc. is a real estate investment trust. The Company is involved in the ownership, management, acquisition and disposition of timberlands primarily in the United States. CatchMark Timber Trust Inc. is based in Norcross, Georgia. “

Several other equities research analysts also recently weighed in on the stock. BidaskClub raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th.

CatchMark Timber Trust (NYSE CTT) traded down 0.08% during trading on Friday, hitting $12.78. 60,946 shares of the stock were exchanged. The stock’s 50 day moving average price is $11.97 and its 200 day moving average price is $11.62. CatchMark Timber Trust has a 12 month low of $10.05 and a 12 month high of $12.92. The stock’s market cap is $496.16 million.

CatchMark Timber Trust (NYSE:CTT) last announced its earnings results on Thursday, August 3rd. The financial services provider reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. The firm had revenue of $26.84 million for the quarter, compared to the consensus estimate of $22.87 million. Analysts forecast that CatchMark Timber Trust will post ($0.36) EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in CTT. Wells Fargo & Company MN increased its position in shares of CatchMark Timber Trust by 42.1% in the 1st quarter. Wells Fargo & Company MN now owns 370,205 shares of the financial services provider’s stock valued at $4,264,000 after purchasing an additional 109,697 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of CatchMark Timber Trust by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 270,057 shares of the financial services provider’s stock valued at $3,111,000 after purchasing an additional 10,414 shares during the last quarter. Swiss National Bank increased its position in shares of CatchMark Timber Trust by 7.2% in the 1st quarter. Swiss National Bank now owns 63,918 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 4,300 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of CatchMark Timber Trust in the 1st quarter valued at approximately $286,000. Finally, Oxford Asset Management purchased a new stake in shares of CatchMark Timber Trust in the 1st quarter valued at approximately $259,000. 70.15% of the stock is currently owned by institutional investors.

CatchMark Timber Trust Company 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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