American International Group Inc. Acquires 1,542 Shares of CatchMark Timber Trust, Inc. (NYSE:CTT)

American International Group Inc. raised its position in CatchMark Timber Trust, Inc. (NYSE:CTT) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,876 shares of the financial services provider’s stock after buying an additional 1,542 shares during the period. American International Group Inc. owned approximately 0.06% of CatchMark Timber Trust worth $275,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CTT. Stifel Financial Corp raised 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 worth $197,000 after buying an additional 682 shares during the period. UBS Asset Management Americas Inc. raised 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 worth $153,000 after buying an additional 882 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of CatchMark Timber Trust by 8.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,006 shares of the financial services provider’s stock worth $315,000 after buying an additional 2,065 shares during the period. Guggenheim Capital LLC raised its stake in shares of CatchMark Timber Trust by 6.2% in the fourth quarter. Guggenheim Capital LLC now owns 40,027 shares of the financial services provider’s stock worth $450,000 after buying an additional 2,339 shares during the period. Finally, Tudor Investment Corp Et Al raised its stake in shares of CatchMark Timber Trust by 16.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 17,656 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,440 shares during the period. 70.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of CatchMark Timber Trust, Inc. (NYSE:CTT) traded up 0.82% during midday trading on Friday, hitting $11.12. 131,271 shares of the stock were exchanged. The company’s market cap is $431.71 million. CatchMark Timber Trust, Inc. has a 12 month low of $10.05 and a 12 month high of $12.06. The stock has a 50 day moving average price of $11.43 and a 200-day moving average price of $11.33.

CatchMark Timber Trust (NYSE:CTT) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $22.87 million. On average, analysts predict that CatchMark Timber Trust, Inc. will post ($0.36) 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 paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $0.54 dividend on an annualized basis and a yield of 4.86%. CatchMark Timber Trust’s dividend payout ratio is presently -174.19%.

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A number of equities research analysts have recently weighed in on CTT shares. Zacks Investment Research raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th.

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.

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

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