November 30, 2016 - By Pete Kolinski · 0 Comments
The stock of Catchmark Timber Trust Incorporated (NYSE:CTT) registered an increase of 2.76% in short interest. CTT’s total short interest was 771,600 shares in November as published by FINRA. Its up 2.76% from 750,900 shares, reported previously. With 81,600 shares average volume, it will take short sellers 10 days to cover their CTT’s short positions. The short interest to Catchmark Timber Trust Incorporated’s float is 2.01%. About 23,378 shares traded hands. Catchmark Timber Trust Inc (NYSE:CTT) has risen 1.01% since April 27, 2016 and is uptrending. It has underperformed by 4.22% the S&P500.
CatchMark Timber Trust, Inc. is a self-administered and self-managed real estate firm investing in timberlands. The company has a market cap of $421.71 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 invests in timberlands and manages such assets to provide current income and long-term returns to its stockholders.
Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.25, from 1.17 in 2016Q1. The ratio increased, as 9 funds sold all Catchmark Timber Trust Inc shares owned while 33 reduced positions. 10 funds bought stakes while 39 increased positions. They now own 27.64 million shares or 3.10% less from 28.52 million shares in 2016Q1.
State Street Corporation has invested 0% of its portfolio in Catchmark Timber Trust Inc (NYSE:CTT). Diam accumulated 1.61 million shares or 0.29% of the stock. Moreover, National Planning Corp has 0.02% invested in Catchmark Timber Trust Inc (NYSE:CTT) for 22,049 shares. Northern Trust holds 0% of its portfolio in Catchmark Timber Trust Inc (NYSE:CTT) for 415,573 shares. Raymond James & holds 0.02% of its portfolio in Catchmark Timber Trust Inc (NYSE:CTT) for 415,997 shares. Ubs Asset Mgmt Americas last reported 0% of its portfolio in the stock. Vanguard Grp Inc Inc has 0% invested in the company for 1.31M shares. Diversified has 18,518 shares for 0.03% of their US portfolio. Sei Investments last reported 500 shares in the company. Goldman Sachs Group has 0% invested in the company for 19,561 shares. Great West Life Assurance Can holds 4,087 shares or 0% of its portfolio. Northpointe Capital Lc accumulated 0.46% or 316,623 shares. Schwab Charles Invest Mngmt holds 0% or 57,209 shares in its portfolio. Royal Bancorp Of Canada accumulated 74,882 shares or 0% of the stock. Strs Ohio has 12,700 shares for 0% of their US portfolio.
Insider Transactions: Since August 19, 2016, the stock had 2 insider buys, and 0 selling transactions for $95,610 net activity. On Friday, August 19 the insider Davis Brian M bought $40,960. Rubenstein Douglas bought $54,650 worth of Catchmark Timber Trust Inc (NYSE:CTT) on Tuesday, November 8.
Out of 2 analysts covering CatchMark Timber Trust (NYSE:CTT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CatchMark Timber Trust has been the topic of 2 analyst reports since March 9, 2016 according to StockzIntelligence Inc. The stock of Catchmark Timber Trust Inc (NYSE:CTT) has “Buy” rating given on Friday, May 6 by Stifel Nicolaus. The company was maintained on Wednesday, March 9 by Robert W. Baird.
CatchMark Timber Trust, Inc., incorporated on September 27, 2005, is a self-administered and self-managed real estate firm investing in timberlands. The Firm is engaged in the ownership, management, acquisition and disposition of timberland properties located in the United States. The Firm invests in timberlands and manages such assets to provide current income and long-term returns to its stockholders. The Firm conducts all its business through CatchMark Timber Operating Partnership, L.P.
More notable recent Catchmark Timber Trust Inc (NYSE:CTT) news were published by: Nasdaq.com which released: “CatchMark Timber Trust, Inc. (CTT) Ex-Dividend Date Scheduled for November 16 …” on November 15, 2016, also Prnewswire.com with their article: “CatchMark Agrees to $102 Million Acquisition of Prime South Carolina Timberlands” published on May 05, 2016, Nasdaq.com published: “Why CatchMark Timber Trust (CTT) Stock Might be a Great Pick” on November 22, 2016. More interesting news about Catchmark Timber Trust Inc (NYSE:CTT) were released by: Streetinsider.com and their article: “Catchmark Timber Trust (CTT) Closes Largest Timberlands Acquisition Since IPO” published on June 16, 2016 as well as Seekingalpha.com‘s news article titled: “CatchMark Timber Trust Is Poised To Profit” with publication date: September 30, 2015.
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By Pete Kolinski