CatchMark Timber Trust Inc. (NYSE:CTT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.58 and last traded at $12.13, with a volume of 40,180 shares. The stock had previously closed at $12.14.

CTT has been the topic of several research analyst reports. Stifel Nicolaus dropped their price objective on CatchMark Timber Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 6th. Zacks Investment Research cut CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 9th.

The company’s market capitalization is $474.54 million. The firm has a 50 day moving average price of $11.99 and a 200-day moving average price of $11.13.

CatchMark Timber Trust (NYSE:CTT) last released its earnings results on Monday, August 8th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $16 million for the quarter, compared to analyst estimates of $14.20 million. Equities research analysts forecast that CatchMark Timber Trust Inc. will post ($0.08) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Tuesday, August 30th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, August 26th.

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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