LPL Financial LLC Takes Position in CatchMark Timber Trust (CTT)

LPL Financial LLC bought a new stake in CatchMark Timber Trust (NYSE:CTT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 14,766 shares of the financial services provider’s stock, valued at approximately $194,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of CatchMark Timber Trust by 11.1% in the 4th quarter. California State Teachers Retirement System now owns 68,303 shares of the financial services provider’s stock valued at $897,000 after buying an additional 6,820 shares during the period. Swiss National Bank boosted its stake in CatchMark Timber Trust by 11.0% during the 4th quarter. Swiss National Bank now owns 70,918 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 7,000 shares during the last quarter. Stifel Financial Corp boosted its stake 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 valued at $519,000 after purchasing an additional 7,342 shares during the last quarter. Acadian Asset Management LLC acquired a new position in CatchMark Timber Trust during the 4th quarter valued at about $104,000. Finally, Sowell Financial Services LLC boosted its stake in CatchMark Timber Trust by 75.2% during the 4th quarter. Sowell Financial Services LLC now owns 20,144 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 8,644 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.

CTT has been the subject of a number of analyst reports. Zacks Investment Research downgraded CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus lifted their price target on CatchMark Timber Trust from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. CatchMark Timber Trust currently has a consensus rating of “Hold” and a consensus target price of $14.00.

CTT stock opened at $13.03 on Friday. The stock has a market cap of $632.44, a price-to-earnings ratio of -38.32 and a beta of 0.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.97 and a quick ratio of 0.97. CatchMark Timber Trust has a 52-week low of $10.81 and a 52-week high of $13.73.

CatchMark Timber Trust (NYSE:CTT) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The company had revenue of $22.72 million for the quarter, compared to analyst estimates of $22.70 million. CatchMark Timber Trust had a negative net margin of 14.80% and a negative return on equity of 3.61%. analysts forecast that CatchMark Timber Trust will post -0.28 EPS for the current year.

CatchMark Timber Trust Profile

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and well-timed sales. Headquartered in Atlanta and focused exclusively on timberland ownership, CatchMark began operations in 2007 and owns interests in approximately 520,800 acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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

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