Brokerages Anticipate CatchMark Timber Trust Inc. (NYSE:CTT) to Announce ($0.11) Earnings Per Share
CatchMark Timber Trust Inc. (NYSE:CTT) has been given an average broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a 1 year consensus price objective of $12.67 for the company and are anticipating that the company will post ($0.11) earnings per share for the current quarter, according to Zacks. Zacks has also given CatchMark Timber Trust an industry rank of 109 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of CatchMark Timber Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.
Shares of CatchMark Timber Trust (NYSE:CTT) opened at 10.87 on Wednesday. The firm has a 50-day moving average of $11.55 and a 200-day moving average of $11.42. CatchMark Timber Trust has a one year low of $9.70 and a one year high of $12.58. The company’s market cap is $422.08 million.
CatchMark Timber Trust (NYSE:CTT) last released its earnings results on Monday, August 8th. The company reported ($0.07) EPS for the quarter. CatchMark Timber Trust had a positive return on equity of 0.32% and a negative net margin of 10.88%. The company earned $16 million during the quarter, compared to analysts’ expectations of $14.20 million. Equities research analysts forecast that CatchMark Timber Trust will post ($0.08) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Tuesday, August 30th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, August 26th. CatchMark Timber Trust’s payout ratio is -245.45%.
In other CatchMark Timber Trust news, CFO Brian M. Davis purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were bought at an average price of $11.70 per share, with a total value of $40,950.00. Following the completion of the purchase, the chief financial officer now directly owns 102,636 shares in the company, valued at $1,200,841.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in CTT. IFP Advisors Inc increased its stake in CatchMark Timber Trust by 17.2% in the second quarter. IFP Advisors Inc now owns 8,611 shares of the company’s stock worth $105,000 after buying an additional 1,264 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in CatchMark Timber Trust by 2.4% in the first quarter. Commonwealth Equity Services Inc now owns 100,915 shares of the company’s stock worth $1,093,000 after buying an additional 2,324 shares during the last quarter. Woodmont Investment Counsel LLC increased its stake in CatchMark Timber Trust by 2.9% in the second quarter. Woodmont Investment Counsel LLC now owns 88,144 shares of the company’s stock worth $1,077,000 after buying an additional 2,500 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in CatchMark Timber Trust by 0.3% in the second quarter. Deprince Race & Zollo Inc. now owns 1,005,273 shares of the company’s stock worth $12,284,000 after buying an additional 2,543 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in CatchMark Timber Trust by 23.3% in the second quarter. Stifel Financial Corp now owns 13,953 shares of the company’s stock worth $171,000 after buying an additional 2,640 shares during the last quarter. 73.90% of the stock is currently owned by institutional investors.
CatchMark Timber Trust Company Profile
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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