Insider Buying: CatchMark Timber Trust, Inc. (CTT) Director Purchases 2,700 Shares of Stock
CatchMark Timber Trust, Inc. (NYSE:CTT) Director Paul S. Fisher purchased 2,700 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $12.84 per share, for a total transaction of $34,668.00. Following the completion of the purchase, the director now directly owns 14,918 shares in the company, valued at approximately $191,547.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
CatchMark Timber Trust, Inc. (NYSE CTT) traded up $0.13 during trading on Monday, reaching $13.00. 380,000 shares of the company were exchanged, compared to its average volume of 158,168. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.73. CatchMark Timber Trust, Inc. has a twelve month low of $10.10 and a twelve month high of $13.24.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Wednesday, November 29th. CatchMark Timber Trust’s dividend payout ratio (DPR) is presently -158.82%.
A number of analysts recently commented on CTT shares. BidaskClub upgraded shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of CatchMark Timber Trust from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, August 8th. ValuEngine raised shares of CatchMark Timber Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Stifel Nicolaus decreased their target price on shares of CatchMark Timber Trust from $13.50 to $12.50 and set a “buy” rating on the stock in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. CatchMark Timber Trust currently has an average rating of “Hold” and a consensus target price of $13.25.
A number of institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp increased its holdings in CatchMark Timber Trust by 21.7% during the 3rd quarter. Stifel Financial Corp now owns 41,215 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 7,342 shares during the period. Wells Fargo & Company MN increased its holdings in CatchMark Timber Trust by 4.4% during the 3rd quarter. Wells Fargo & Company MN now owns 395,181 shares of the financial services provider’s stock worth $4,983,000 after acquiring an additional 16,800 shares during the period. Stelac Advisory Services LLC bought a new stake in CatchMark Timber Trust during the 3rd quarter worth approximately $106,000. Sowell Financial Services LLC bought a new stake in CatchMark Timber Trust during the 3rd quarter worth approximately $149,000. Finally, Ninepoint Partners LP bought a new stake in CatchMark Timber Trust during the 3rd quarter worth approximately $379,000. 63.13% of the stock is currently owned by institutional investors and hedge funds.
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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