Catchmark Timber Trust (CTT) Earns Media Sentiment Rating of 0.31
Media headlines about Catchmark Timber Trust (NYSE:CTT) have been trending positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Catchmark Timber Trust earned a news impact score of 0.31 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.1297860837267 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- CatchMark Timber Trust Inc.: CatchMark Evaluates Potential Offer to Acquire Phaunos Timber Fund Ltd. in an All-Stock Transaction (twst.com)
- CatchMark Timber explores to buy Phaunos Timber (uk.reuters.com)
- CatchMark launches counter bid for Phaunos Timber (citywire.co.uk)
- CatchMark evaluates potential offer to acquire Phaunos Timber Fund (seekingalpha.com)
- Catchmark Timber Trust (CTT) to Explore Purchase of Phaunos Timber for Approx. $284M (streetinsider.com)
NYSE:CTT traded down $0.15 during trading hours on Friday, hitting $12.22. 127,982 shares of the stock were exchanged, compared to its average volume of 158,397. Catchmark Timber Trust has a 52-week low of $11.70 and a 52-week high of $13.73. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $600.20 million, a P/E ratio of -35.94 and a beta of 0.60.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Thursday, August 30th will be given a $0.135 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.42%. Catchmark Timber Trust’s dividend payout ratio (DPR) is presently -158.82%.
Several research firms have commented on CTT. Zacks Investment Research upgraded Catchmark Timber Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. ValuEngine upgraded Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Catchmark Timber Trust has an average rating of “Buy” and a consensus target price of $14.13.
About Catchmark Timber Trust
CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded timberland REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests, well-timed real estate sales and investment management. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in approximately 1.6 million acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.
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