What’s Next for Catchmark Timber Trust Incorporated (NYSE:CTT) After Having Less Shares Shorted?

December 10, 2017 - By Henry Gaston

 What's Next for Catchmark Timber Trust Incorporated (NYSE:CTT) After Having Less Shares Shorted?

Investors sentiment decreased to 1.37 in Q2 2017. Its down 0.46, from 1.83 in 2017Q1. It turned negative, as 13 investors sold CatchMark Timber Trust, Inc. shares while 28 reduced holdings. 12 funds opened positions while 44 raised stakes. 26.33 million shares or 4.44% more from 25.21 million shares in 2017Q1 were reported.
Nationwide Fund reported 22,097 shares. New York State Teachers Retirement Systems accumulated 3,400 shares. Jpmorgan Chase & Commerce holds 0% or 44,956 shares. 1.11 million were reported by State Bank Of Montreal Can. Zacks Invest Management reported 0.05% of its portfolio in CatchMark Timber Trust, Inc. (NYSE:CTT). Huber Capital Ltd Liability Corp, a California-based fund reported 907,816 shares. Citigroup Inc invested 0% in CatchMark Timber Trust, Inc. (NYSE:CTT). Gsa Cap Prtn Llp holds 0.06% or 80,800 shares in its portfolio. Millennium Ltd Liability has 0% invested in CatchMark Timber Trust, Inc. (NYSE:CTT). Moreover, Bank Of America De has 0% invested in CatchMark Timber Trust, Inc. (NYSE:CTT). Pictet Asset Mgmt Ltd invested 0.06% in CatchMark Timber Trust, Inc. (NYSE:CTT). Gruss Mgmt Lp owns 0.06% invested in CatchMark Timber Trust, Inc. (NYSE:CTT) for 70,000 shares. Strs Ohio invested in 11,300 shares or 0% of the stock. National Planning stated it has 19,186 shares. First Allied Advisory invested in 39,467 shares or 0.02% of the stock.

The stock of Catchmark Timber Trust Incorporated (NYSE:CTT) registered a decrease of 7.12% in short interest. CTT’s total short interest was 182,700 shares in December as published by FINRA. Its down 7.12% from 196,700 shares, reported previously. With 408,300 shares average volume, it will take short sellers 0 days to cover their CTT’s short positions.

The stock increased 0.54% or $0.07 during the last trading session, reaching $13.12. About 149,404 shares traded. CatchMark Timber Trust, Inc. (NYSE:CTT) has risen 8.20% since December 10, 2016 and is uptrending. It has underperformed by 8.50% the S&P500.

CatchMark Timber Trust, Inc., a real estate investment trust , focuses on the acquisition of timberland properties in the United States. The company has market cap of $569.72 million. It intends to acquire timberland properties throughout the timber-producing regions of the United States and, to a lesser extent, in timber-producing regions outside the United States. It currently has negative earnings. The firm intends to qualify as a REIT under the Internal Revenue Code of 1986.

CatchMark Timber Trust, Inc. (NYSE:CTT) Ratings Coverage

Among 3 analysts covering CatchMark Timber Trust (NYSE:CTT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CatchMark Timber Trust had 5 analyst reports since March 9, 2016 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 16 by Stifel Nicolaus. On Friday, May 6 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of CatchMark Timber Trust, Inc. (NYSE:CTT) earned “Buy” rating by Stifel Nicolaus on Thursday, August 3. The rating was maintained by Robert W. Baird with “Outperform” on Wednesday, March 9.

More notable recent CatchMark Timber Trust, Inc. (NYSE:CTT) news were published by: Prnewswire.com which released: “CatchMark Agrees to $43.3 Million Acquisition of 14923 Acres of Prime …” on October 12, 2017, also Nasdaq.com with their article: “CatchMark Timber Trust, Inc. (CTT) Ex-Dividend Date Scheduled for August 28, 2017” published on August 25, 2017, Prnewswire.com published: “CatchMark Partners with MPERS To Acquire North Georgia Timberlands” on April 26, 2017. More interesting news about CatchMark Timber Trust, Inc. (NYSE:CTT) were released by: Seekingalpha.com and their article: “CatchMark Timber Trust’s (CTT) CEO Jerry Barag on Q2 2017 Results – Earnings …” published on August 04, 2017 as well as Streetinsider.com‘s news article titled: “Catchmark Timber Trust (CTT) Prices 4M Shares Common Offering at $12.35/Sh” with publication date: October 13, 2017.

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