CatchMark Timber Trust, Inc. (NYSE:CTT) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC reduced its position in CatchMark Timber Trust, Inc. (NYSE:CTT) by 82.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,572 shares of the financial services provider’s stock after selling 166,594 shares during the period. Parametric Portfolio Associates LLC owned 0.09% of CatchMark Timber Trust worth $421,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pictet Asset Management Ltd. raised its stake in CatchMark Timber Trust by 0.3% in the first quarter. Pictet Asset Management Ltd. now owns 1,799,638 shares of the financial services provider’s stock valued at $20,732,000 after buying an additional 6,169 shares in the last quarter. State Street Corp raised its stake in CatchMark Timber Trust by 8.7% in the fourth quarter. State Street Corp now owns 658,637 shares of the financial services provider’s stock valued at $7,419,000 after buying an additional 52,622 shares in the last quarter. Wells Fargo & Company MN raised its stake in CatchMark Timber Trust by 42.1% in the first quarter. Wells Fargo & Company MN now owns 370,205 shares of the financial services provider’s stock valued at $4,264,000 after buying an additional 109,697 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in CatchMark Timber Trust by 40.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 319,918 shares of the financial services provider’s stock valued at $3,685,000 after buying an additional 92,270 shares in the last quarter. Finally, Crawford Investment Counsel Inc. raised its stake in CatchMark Timber Trust by 15.3% in the first quarter. Crawford Investment Counsel Inc. now owns 273,502 shares of the financial services provider’s stock valued at $3,151,000 after buying an additional 36,215 shares in the last quarter. Hedge funds and other institutional investors own 70.82% of the company’s stock.

Shares of CatchMark Timber Trust, Inc. (CTT) opened at 11.12 on Friday. CatchMark Timber Trust, Inc. has a 52-week low of $10.05 and a 52-week high of $12.06. The company’s market capitalization is $431.71 million. The company’s 50 day moving average price is $11.43 and its 200 day moving average price is $11.33.

CatchMark Timber Trust (NYSE:CTT) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the 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 company had revenue of $26.84 million for the quarter, compared to analysts’ expectations of $22.87 million. On average, analysts predict that CatchMark Timber Trust, Inc. will post ($0.36) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 annualized dividend and a yield of 4.86%. CatchMark Timber Trust’s dividend payout ratio (DPR) is currently -174.19%.

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Several research firms recently weighed in on CTT. Zacks Investment Research lowered CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research 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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