CatchMark Timber Trust Inc. (CTT) Shares Down 0.8%
CatchMark Timber Trust Inc. (NYSE:CTT) dropped 0.8% during trading on Friday . The stock traded as low as $11.63 and last traded at $11.67, with a volume of 53,564 shares traded. The stock had previously closed at $11.76.
CTT has been the topic of several research analyst reports. 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 cut 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 note on Friday, May 6th.
The company’s 50-day moving average price is $11.95 and its 200-day moving average price is $11.29. The firm’s market cap is $454.70 million.
CatchMark Timber Trust (NYSE:CTT) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $16 million for the quarter, compared to the consensus estimate of $14.20 million. Equities research analysts anticipate 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. Stockholders of record on Tuesday, August 30th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Friday, August 26th.
In other CatchMark Timber Trust news, CFO Brian M. Davis acquired 3,500 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $11.70 per share, with a total value of $40,950.00. Following the completion of the transaction, the chief financial officer now directly owns 102,636 shares of the company’s stock, valued at $1,200,841.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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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