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

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. “

Separately, BidaskClub raised CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th.

Shares of CatchMark Timber Trust (CTT) traded down 1.14% during trading on Thursday, reaching $11.29. The company’s stock had a trading volume of 67,858 shares. The stock’s market cap is $438.31 million. The company has a 50-day moving average price of $11.47 and a 200-day moving average price of $11.30. CatchMark Timber Trust has a one year low of $10.05 and a one year high of $12.32.

CatchMark Timber Trust (NYSE:CTT) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) EPS for the quarter, beating 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 analyst estimates of $22.87 million. On average, equities research analysts forecast that CatchMark Timber Trust will post ($0.37) earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in CTT. Legal & General Group Plc increased its position in 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 period. Nine Chapters Capital Management LLC purchased a new position in CatchMark Timber Trust during the first quarter valued at $121,000. Sei Investments Co. increased its position in CatchMark Timber Trust by 31.3% in the second quarter. Sei Investments Co. now owns 11,008 shares of the financial services provider’s stock valued at $125,000 after buying an additional 2,626 shares during the period. UBS Asset Management Americas Inc. increased its position in 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 period. Finally, NEXT Financial Group Inc increased its position in 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 period. Institutional investors and hedge funds own 69.90% 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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