ValuEngine upgraded shares of CatchMark Timber Trust, Inc. (NYSE:CTT) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of CatchMark Timber Trust from a buy rating to a hold rating in a research note on Thursday, August 10th. BidaskClub lowered shares of CatchMark Timber Trust from a hold rating to a sell rating in a research note on Thursday, August 10th.

Shares of CatchMark Timber Trust (NYSE:CTT) opened at 12.32 on Wednesday. The firm’s market cap is $478.30 million. The company has a 50 day moving average of $11.59 and a 200-day moving average of $11.47. CatchMark Timber Trust has a 12-month low of $10.05 and a 12-month high of $12.42.

CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. The business had revenue of $26.84 million for the quarter, compared to analyst estimates of $22.87 million. Analysts predict that CatchMark Timber Trust will post ($0.36) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “CatchMark Timber Trust, Inc. (CTT) Upgraded to Hold by ValuEngine” was posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/09/21/catchmark-timber-trust-inc-ctt-upgraded-to-hold-by-valuengine.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, August 30th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Monday, August 28th. CatchMark Timber Trust’s payout ratio is currently -174.19%.

A number of large investors have recently bought and sold shares of CTT. Susquehanna International Group LLP purchased a new position in CatchMark Timber Trust in the second quarter worth about $152,000. Raymond James Financial Services Advisors Inc. raised its holdings in CatchMark Timber Trust by 9.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 125,331 shares of the financial services provider’s stock worth $1,425,000 after buying an additional 10,798 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in CatchMark Timber Trust by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 35,439 shares of the financial services provider’s stock worth $403,000 after buying an additional 1,503 shares during the last quarter. State Street Corp raised its holdings in CatchMark Timber Trust by 4.5% in the second quarter. State Street Corp now owns 802,831 shares of the financial services provider’s stock worth $9,131,000 after buying an additional 34,856 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its holdings in CatchMark Timber Trust by 28.6% in the second quarter. Punch & Associates Investment Management Inc. now owns 143,375 shares of the financial services provider’s stock worth $1,630,000 after buying an additional 31,850 shares during the last quarter. 70.15% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for CatchMark Timber Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CatchMark Timber Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.