CatchMark Timber Trust Inc. (CTT) Sets New 1-Year High at $12.58
CatchMark Timber Trust Inc. (NYSE:CTT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $12.58 and last traded at $12.13, with a volume of 40,180 shares traded. The stock had previously closed at $12.14.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 9th. Stifel Nicolaus decreased their price target on shares of CatchMark Timber Trust from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, May 6th.
The stock’s market cap is $476.90 million. The company’s 50 day moving average is $11.97 and its 200 day moving average is $11.11.
CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.07) EPS for the quarter. The business had revenue of $16 million for the quarter, compared to the consensus estimate of $14.20 million. On average, analysts predict that CatchMark Timber Trust Inc. will post ($0.08) earnings per share for the current fiscal year.
CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.
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