News articles about Catchmark Timber Trust (NYSE:CTT) have been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Catchmark Timber Trust earned a daily sentiment score of 0.34 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.907214852405 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of CTT stock traded up $0.01 during mid-day trading on Monday, hitting $12.24. 3,586 shares of the stock were exchanged, compared to its average volume of 290,222. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. Catchmark Timber Trust has a 52-week low of $10.81 and a 52-week high of $13.73. The firm has a market cap of $596.76 million, a P/E ratio of -36.03 and a beta of 0.59.

Catchmark Timber Trust (NYSE:CTT) last posted its earnings results on Thursday, August 2nd. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Catchmark Timber Trust had a negative net margin of 15.22% and a negative return on equity of 3.32%. The business had revenue of $26.25 million for the quarter, compared to analyst estimates of $22.84 million. analysts anticipate that Catchmark Timber Trust will post -4.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Thursday, August 30th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Wednesday, August 29th. Catchmark Timber Trust’s payout ratio is currently -158.82%.

Several equities research analysts have weighed in on the company. Royal Bank of Canada assumed coverage on Catchmark Timber Trust in a research report on Wednesday, May 2nd. They set a “sector perform” rating and a $14.00 price target on the stock. ValuEngine raised Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, B. Riley assumed coverage on shares of Catchmark Timber Trust in a research note on Tuesday, May 1st. They set a “buy” rating and a $14.50 target price on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $14.13.

About Catchmark Timber Trust

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and well-timed sales. Headquartered in Atlanta and focused exclusively on timberland ownership, CatchMark began operations in 2007 and owns interests in approximately 514,100 acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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