Catchmark Timber Trust (NYSE:CTT) has been assigned a $11.00 price objective by research analysts at Raymond James in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the financial services provider’s stock. Raymond James’ target price suggests a potential upside of 38.36% from the stock’s previous close.

Several other equities analysts also recently weighed in on CTT. Zacks Investment Research downgraded Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. ValuEngine downgraded Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Royal Bank of Canada raised Catchmark Timber Trust from a “sector perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Monday, November 5th. They noted that the move was a valuation call. TheStreet downgraded Catchmark Timber Trust from a “c-” rating to a “d” rating in a research report on Tuesday, November 6th. Finally, B. Riley dropped their price target on Catchmark Timber Trust to $12.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.25.

Catchmark Timber Trust stock opened at $7.95 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.48. The firm has a market cap of $374.56 million, a price-to-earnings ratio of -23.38 and a beta of 0.96. Catchmark Timber Trust has a fifty-two week low of $6.71 and a fifty-two week high of $13.73.

Catchmark Timber Trust (NYSE:CTT) last released its quarterly earnings results on Friday, November 2nd. The financial services provider reported ($1.61) earnings per share for the quarter, topping the consensus estimate of ($3.59) by $1.98. The company had revenue of $24.58 million during the quarter, compared to the consensus estimate of $23.04 million. Catchmark Timber Trust had a negative return on equity of 20.93% and a negative net margin of 90.95%. On average, research analysts anticipate that Catchmark Timber Trust will post -2.46 EPS for the current year.

In other Catchmark Timber Trust news, Director Donald S. Moss acquired 5,000 shares of the stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average price of $8.37 per share, with a total value of $41,850.00. Following the completion of the transaction, the director now directly owns 42,224 shares in the company, valued at $353,414.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders bought 28,731 shares of company stock valued at $242,036. Company insiders own 1.20% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Martingale Asset Management L P grew its position in Catchmark Timber Trust by 1.3% during the third quarter. Martingale Asset Management L P now owns 190,618 shares of the financial services provider’s stock valued at $2,179,000 after acquiring an additional 2,400 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of Catchmark Timber Trust by 24.3% during the second quarter. MetLife Investment Advisors LLC now owns 23,620 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 4,618 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Catchmark Timber Trust by 2.2% during the third quarter. Teachers Advisors LLC now owns 230,420 shares of the financial services provider’s stock worth $2,634,000 after purchasing an additional 4,954 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Catchmark Timber Trust by 1.8% during the third quarter. Wells Fargo & Company MN now owns 331,928 shares of the financial services provider’s stock worth $3,794,000 after purchasing an additional 5,734 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Catchmark Timber Trust by 16.9% during the second quarter. California Public Employees Retirement System now owns 39,761 shares of the financial services provider’s stock worth $506,000 after purchasing an additional 5,761 shares in the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Catchmark Timber Trust Company Profile

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, and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in over 1.6 million acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, Oregon, South Carolina, Tennessee and Texas.

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Analyst Recommendations for Catchmark Timber Trust (NYSE:CTT)

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