Is Buying Catchmark Timber Trust Incorporated (NYSE:CTT) Here Good Idea?

September 12, 2017 - By Migdalia James

 Is Buying Catchmark Timber Trust Incorporated (NYSE:CTT) Here Good Idea?

Investors sentiment increased to 1.67 in Q4 2016. Its up 0.25, from 1.42 in 2016Q3. It is positive, as 4 investors sold Catchmark Timber Trust Inc shares while 32 reduced holdings. 15 funds opened positions while 45 raised stakes. 25.83 million shares or 7.59% less from 27.95 million shares in 2016Q3 were reported.
Aqr Mngmt Ltd Company holds 0% or 27,062 shares in its portfolio. Delta Asset Limited Liability Company Tn holds 4,000 shares. Trellus Mgmt Limited Liability reported 0.19% stake. Toronto Dominion Bancorporation holds 0% in Catchmark Timber Trust Inc (NYSE:CTT) or 46,821 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,779 shares in its portfolio. Cambridge Invest Rech Inc reported 0.01% stake. Millennium Management Limited reported 136,723 shares stake. Voya Invest Management Ltd Liability Corp has 17,218 shares for 0% of their portfolio. Moreover, Pnc Fin Service Group has 0% invested in Catchmark Timber Trust Inc (NYSE:CTT) for 25,368 shares. California State Teachers Retirement Sys accumulated 80,045 shares or 0% of the stock. Price T Rowe Associates Md has invested 0.01% in Catchmark Timber Trust Inc (NYSE:CTT). Blackrock Invest Mgmt Limited Company has invested 0% in Catchmark Timber Trust Inc (NYSE:CTT). Advisors Asset Mgmt owns 14,435 shares. Zacks Investment has 0.01% invested in Catchmark Timber Trust Inc (NYSE:CTT) for 43,324 shares. Tiaa Cref Investment Ltd Company accumulated 123,484 shares.

The stock of Catchmark Timber Trust Incorporated (NYSE:CTT) registered a decrease of 3.4% in short interest. CTT’s total short interest was 375,100 shares in September as published by FINRA. Its down 3.4% from 388,300 shares, reported previously. With 121,400 shares average volume, it will take short sellers 3 days to cover their CTT’s short positions.

About 20,056 shares traded. Catchmark Timber Trust Inc (NYSE:CTT) has risen 8.20% since September 12, 2016 and is uptrending. It has underperformed by 8.50% the S&P500.

CatchMark Timber Trust, Inc. is a self-administered and self-managed real estate firm investing in timberlands. The company has market cap of $462.77 million. The Firm is engaged in the ownership, management, acquisition and disposition of timberland properties located in the United States. It currently has negative earnings. The Firm conducts all of its business through CatchMark Timber Operating Partnership, L.P.

Catchmark Timber Trust Inc (NYSE:CTT) Ratings Coverage

Among 2 analysts covering CatchMark Timber Trust (NYSE:CTT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CatchMark Timber Trust had 3 analyst reports since March 9, 2016 according to SRatingsIntel. Stifel Nicolaus maintained Catchmark Timber Trust Inc (NYSE:CTT) on Friday, May 6 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 3 report. Robert W. Baird maintained Catchmark Timber Trust Inc (NYSE:CTT) on Wednesday, March 9 with “Outperform” rating.

More notable recent Catchmark Timber Trust Inc (NYSE:CTT) news were published by: Zacks.com which released: “Why CatchMark Timber Trust (CTT) Stock Might be a Great Pick November 22, 2016” on November 22, 2016, also Prnewswire.com with their article: “CatchMark Agrees to $102 Million Acquisition of Prime South Carolina Timberlands” published on May 05, 2016, Seekingalpha.com published: “CatchMark Timber Trust’s (CTT) CEO Jerry Barag on Q1 2017 Results – Earnings …” on May 05, 2017. More interesting news about Catchmark Timber Trust Inc (NYSE:CTT) were released by: Seekingalpha.com and their article: “CatchMark Timber Trust: The Newest Timber REIT” published on February 09, 2014 as well as Nasdaq.com‘s news article titled: “CatchMark Timber Trust, Inc. (CTT) Ex-Dividend Date Scheduled for August 28, 2017” with publication date: August 25, 2017.

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