Catchmark Timber Trust Inc (NYSE:CTT) Shares Purchased by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its holdings in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 663,863 shares of the financial services provider’s stock after purchasing an additional 9,511 shares during the quarter. Peregrine Capital Management LLC’s holdings in Catchmark Timber Trust were worth $5,875,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CTT. Pictet Asset Management Ltd. grew its position in Catchmark Timber Trust by 2.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,078,507 shares of the financial services provider’s stock valued at $22,227,000 after acquiring an additional 64,318 shares in the last quarter. Ranger Global Real Estate Advisors LLC grew its position in Catchmark Timber Trust by 22.8% in the 1st quarter. Ranger Global Real Estate Advisors LLC now owns 2,437,750 shares of the financial services provider’s stock valued at $17,601,000 after acquiring an additional 453,045 shares in the last quarter. Investment Counselors of Maryland LLC grew its position in Catchmark Timber Trust by 1.4% in the 1st quarter. Investment Counselors of Maryland LLC now owns 1,840,307 shares of the financial services provider’s stock valued at $13,287,000 after acquiring an additional 26,173 shares in the last quarter. Chilton Capital Management LLC grew its position in Catchmark Timber Trust by 7.6% in the 1st quarter. Chilton Capital Management LLC now owns 832,213 shares of the financial services provider’s stock valued at $6,009,000 after acquiring an additional 58,894 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Catchmark Timber Trust by 11.3% in the 1st quarter. Geode Capital Management LLC now owns 736,079 shares of the financial services provider’s stock valued at $5,314,000 after acquiring an additional 74,968 shares in the last quarter. 81.43% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on CTT shares. Royal Bank of Canada raised Catchmark Timber Trust from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $8.00 to $10.00 in a research report on Friday, July 10th. B. Riley reissued a “buy” rating and set a $10.00 price objective on shares of Catchmark Timber Trust in a research report on Thursday, June 25th. Finally, Zacks Investment Research downgraded Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.44.

Shares of Catchmark Timber Trust stock opened at $9.76 on Friday. Catchmark Timber Trust Inc has a one year low of $5.13 and a one year high of $12.54. The company has a market cap of $475.72 million, a PE ratio of -7.12 and a beta of 1.25. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.80 and a current ratio of 0.80. The business has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $8.68.

Catchmark Timber Trust (NYSE:CTT) last posted its earnings results on Monday, May 4th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $26.97 million for the quarter, compared to analysts’ expectations of $25.97 million. Catchmark Timber Trust had a negative return on equity of 37.69% and a negative net margin of 60.46%. On average, sell-side analysts predict that Catchmark Timber Trust Inc will post -0.25 earnings per share for the current fiscal year.

Catchmark Timber Trust Company Profile

CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.

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

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