CatchMark Timber Trust Inc. (CTT) Stock Price Down 0.8%
Shares of CatchMark Timber Trust Inc. (NYSE:CTT) dropped 0.8% on Friday . The stock traded as low as $11.63 and last traded at $11.67, with a volume of 53,564 shares. The stock had previously closed at $11.76.
Separately, Zacks Investment Research cut shares of CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 9th.
The firm has a 50 day moving average of $11.94 and a 200 day moving average of $11.29. The stock’s market cap is $454.70 million.
CatchMark Timber Trust (NYSE:CTT) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.07) EPS for the quarter. The business had revenue of $16 million for the quarter, compared to analysts’ expectations of $14.20 million. Equities analysts predict that CatchMark Timber Trust Inc. will post ($0.08) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Tuesday, August 30th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Friday, August 26th.
In related news, CFO Brian M. Davis bought 3,500 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $11.70 per share, for a total transaction of $40,950.00. Following the purchase, the chief financial officer now owns 102,636 shares in the company, valued at approximately $1,200,841.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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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