Shares of Catchmark Timber Trust Inc (NYSE:CTT) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.33.

CTT has been the topic of a number of research reports. Zacks Investment Research raised Catchmark Timber Trust from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Tuesday, January 1st. ValuEngine raised Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Citigroup raised Catchmark Timber Trust from a “neutral” rating to a “buy” rating in a research note on Monday, January 14th. Raymond James set a $11.00 price objective on Catchmark Timber Trust and gave the stock a “buy” rating in a research note on Tuesday, January 8th. Finally, Royal Bank of Canada increased their price objective on Catchmark Timber Trust from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 19th.

CTT stock traded up $0.02 during trading on Tuesday, reaching $9.83. 142,718 shares of the stock were exchanged, compared to its average volume of 184,168. Catchmark Timber Trust has a twelve month low of $6.71 and a twelve month high of $13.29. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $482.49 million, a P/E ratio of -3.85 and a beta of 1.31.

Catchmark Timber Trust (NYSE:CTT) last posted its quarterly earnings results on Friday, February 15th. The financial services provider reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.07). Catchmark Timber Trust had a negative return on equity of 30.18% and a negative net margin of 124.68%. The firm had revenue of $22.93 million for the quarter, compared to analyst estimates of $24.79 million. Equities analysts predict that Catchmark Timber Trust will post -2.02 earnings per share for the current year.

In related news, Director Donald S. Moss acquired 10,000 shares of the stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of $9.52 per share, with a total value of $95,200.00. Following the completion of the purchase, the director now directly owns 57,224 shares in the company, valued at approximately $544,772.48. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in shares of Catchmark Timber Trust by 17.5% in the fourth quarter. Legal & General Group Plc now owns 8,907 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,328 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Catchmark Timber Trust in the fourth quarter valued at approximately $92,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Catchmark Timber Trust by 284.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,056 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 11,140 shares in the last quarter. Wiley BROS. Aintree Capital LLC bought a new position in shares of Catchmark Timber Trust in the fourth quarter valued at approximately $121,000. Finally, Actinver Wealth Management Inc. bought a new position in shares of Catchmark Timber Trust in the fourth quarter valued at approximately $125,000. 82.28% of the stock is owned by institutional investors.

About Catchmark Timber Trust

CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, 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 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.

Further Reading: The Role of a Fiduciary and Individual Investors

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