Analysts Set Catchmark Timber Trust Inc (CTT) PT at $14.17

Catchmark Timber Trust Inc (NYSE:CTT) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $14.17.

A number of brokerages recently weighed in on CTT. Royal Bank of Canada began coverage on shares of Catchmark Timber Trust in a report on Wednesday, May 2nd. They issued a “sector perform” rating and a $14.00 price objective for the company. ValuEngine upgraded shares of Catchmark Timber Trust from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. B. Riley started coverage on shares of Catchmark Timber Trust in a research report on Tuesday, May 1st. They issued a “buy” rating and a $14.50 target price for the company. Finally, Stifel Nicolaus lifted their target price on shares of Catchmark Timber Trust from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, April 18th.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Catchmark Timber Trust by 1.6% in the 1st quarter. BlackRock Inc. now owns 3,303,201 shares of the financial services provider’s stock worth $41,191,000 after purchasing an additional 52,998 shares during the period. Millennium Management LLC grew its position in Catchmark Timber Trust by 45.2% in the 1st quarter. Millennium Management LLC now owns 1,555,844 shares of the financial services provider’s stock worth $19,401,000 after purchasing an additional 484,195 shares during the period. Renaissance Technologies LLC grew its position in Catchmark Timber Trust by 90.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,349,900 shares of the financial services provider’s stock worth $17,724,000 after purchasing an additional 641,300 shares during the period. Nuveen Asset Management LLC grew its position in shares of Catchmark Timber Trust by 210.5% during the 1st quarter. Nuveen Asset Management LLC now owns 937,284 shares of the financial services provider’s stock valued at $11,688,000 after acquiring an additional 635,413 shares during the period. Finally, Manning & Napier Group LLC grew its position in shares of Catchmark Timber Trust by 12.1% during the 1st quarter. Manning & Napier Group LLC now owns 685,146 shares of the financial services provider’s stock valued at $8,542,000 after acquiring an additional 73,835 shares during the period. 76.13% of the stock is owned by institutional investors and hedge funds.



Shares of NYSE CTT opened at $12.55 on Wednesday. Catchmark Timber Trust has a twelve month low of $10.81 and a twelve month high of $13.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.44 and a quick ratio of 0.44.

Catchmark Timber Trust (NYSE:CTT) last announced its quarterly earnings data on Friday, May 4th. The financial services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Catchmark Timber Trust had a negative return on equity of 3.76% and a negative net margin of 16.17%. The firm had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $22.38 million. analysts anticipate that Catchmark Timber Trust will post -3.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Wednesday, May 30th. Catchmark Timber Trust’s dividend payout ratio (DPR) is presently -158.82%.

About Catchmark Timber Trust

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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