CatchMark Timber Trust Inc. (CTT) Shares Down 2.8%
CatchMark Timber Trust Inc. (NYSE:CTT) shares dropped 2.8% on Friday . The stock traded as low as $11.33 and last traded at $11.48, with a volume of 95,807 shares traded. The stock had previously closed at $11.81.
CTT has been the subject of several research analyst reports. Zacks Investment Research raised shares of CatchMark Timber Trust from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, May 17th. Stifel Nicolaus lowered their target price 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 firm’s market capitalization is $445.77 million. The company’s 50-day moving average is $11.96 and its 200-day moving average is $11.24.
CatchMark Timber Trust (NYSE:CTT) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.07) EPS for the quarter. The company had revenue of $16 million for the quarter, compared to analyst estimates of $14.20 million. On average, equities research analysts expect that CatchMark Timber Trust Inc. will post ($0.08) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Tuesday, August 30th will be given a $0.135 dividend. The ex-dividend date is Friday, August 26th. This represents a $0.54 annualized dividend and a dividend yield of 4.70%.
In other CatchMark Timber Trust news, CFO Brian M. Davis acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were acquired at an average cost of $11.70 per share, for a total transaction of $40,950.00. Following the transaction, the chief financial officer now directly owns 102,636 shares of the company’s stock, valued at $1,200,841.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
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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