CatchMark Timber Trust Inc. (CTT) Stock Price Down 2.8%
Shares of CatchMark Timber Trust Inc. (NYSE:CTT) fell 2.8% during trading on Friday . The stock traded as low as $11.33 and last traded at $11.48, with a volume of 95,807 shares changing hands. The stock had previously closed at $11.81.
Several research firms recently commented on CTT. Zacks Investment Research lowered shares of CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Stifel Nicolaus dropped their price target on shares of CatchMark Timber Trust from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 6th.
The company’s market cap is $445.77 million. The stock’s 50-day moving average is $11.96 and its 200-day moving average is $11.24.
CatchMark Timber Trust (NYSE:CTT) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $16 million for the quarter, compared to analyst estimates of $14.20 million. On average, analysts predict that CatchMark Timber Trust Inc. will post ($0.08) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Tuesday, August 30th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, August 26th. This represents a $0.54 annualized dividend and a dividend yield of 4.70%.
In related news, CFO Brian M. Davis acquired 3,500 shares of CatchMark Timber Trust stock in a transaction dated Monday, August 22nd. The stock was acquired at an average price of $11.70 per share, for a total transaction of $40,950.00. Following the transaction, the chief financial officer now owns 102,636 shares of the company’s stock, valued at $1,200,841.20. The acquisition was disclosed in a legal filing 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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