Bank of Montreal Can lowered its holdings in shares of Catchmark Timber Trust Inc (NYSE:CTT) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,201,999 shares of the financial services provider’s stock after selling 16,306 shares during the period. Bank of Montreal Can owned about 0.08% of Catchmark Timber Trust worth $6,836,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Catchmark Timber Trust in the 3rd quarter valued at $346,000. Thrivent Financial For Lutherans grew its position in shares of Catchmark Timber Trust by 33.5% in the 3rd quarter. Thrivent Financial For Lutherans now owns 72,400 shares of the financial services provider’s stock valued at $1,623,000 after buying an additional 17,600 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Catchmark Timber Trust by 4.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 219,297 shares of the financial services provider’s stock valued at $5,811,000 after buying an additional 9,041 shares during the period. Northern Trust Corp grew its position in shares of Catchmark Timber Trust by 0.8% in the 2nd quarter. Northern Trust Corp now owns 108,450 shares of the financial services provider’s stock valued at $2,432,000 after buying an additional 887 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Catchmark Timber Trust by 5.5% in the 2nd quarter. Rhumbline Advisers now owns 19,309 shares of the financial services provider’s stock valued at $520,000 after buying an additional 1,073 shares during the period. Institutional investors own 57.61% of the company’s stock.

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Shares of Catchmark Timber Trust Inc (NYSE:CTT) opened at $18.03 on Monday. Catchmark Timber Trust Inc has a 1 year low of $15.71 and a 1 year high of $19.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $335.18, a P/E ratio of 19.36 and a beta of 0.52.

Catchmark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Catchmark Timber Trust had a return on equity of 2.65% and a net margin of 23.54%. The company had revenue of $13.47 million during the quarter, compared to analyst estimates of $14.67 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. research analysts anticipate that Catchmark Timber Trust Inc will post 1.09 EPS for the current fiscal year.

CTT has been the topic of a number of recent research reports. Zacks Investment Research upgraded Catchmark Timber Trust from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, January 26th. ValuEngine downgraded Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Finally, Maxim Group reiterated a “buy” rating and issued a $19.00 price objective on shares of Catchmark Timber Trust in a research note on Thursday, February 29th.

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