CatchMark Timber Trust, Inc. (CTT) Shares Down NaN
Shares of CatchMark Timber Trust, Inc. (NYSE:CTT) were down NaN during mid-day trading on Friday . The company traded as low as $12.36 and last traded at $0.00. Approximately 1,342,500 shares were traded during trading, an increase of Infinity from the average daily volume of 0 shares.
A number of analysts recently issued reports on CTT shares. Zacks Investment Research lowered CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine upgraded CatchMark Timber Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th.
The company’s market cap is $479.85 million. The stock’s 50 day moving average price is $12.20 and its 200-day moving average price is $11.69.
CatchMark Timber Trust (NYSE:CTT) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The business had revenue of $26.84 million during the quarter, compared to analysts’ expectations of $22.87 million. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. Equities research analysts anticipate that CatchMark Timber Trust, Inc. will post ($0.36) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.54 annualized dividend and a dividend yield of 4.37%. CatchMark Timber Trust’s dividend payout ratio (DPR) is currently -174.19%.
Several institutional investors have recently added to or reduced their stakes in CTT. Pax World Management LLC purchased a new stake in CatchMark Timber Trust in the second quarter valued at $10,778,000. Ranger Global Real Estate Advisors LLC purchased a new stake in CatchMark Timber Trust in the first quarter valued at $6,436,000. Bank of America Corp DE lifted its position in CatchMark Timber Trust by 430.8% in the first quarter. Bank of America Corp DE now owns 383,542 shares of the financial services provider’s stock valued at $4,418,000 after acquiring an additional 311,282 shares during the last quarter. Real Estate Management Services LLC lifted its position in CatchMark Timber Trust by 127.9% in the second quarter. Real Estate Management Services LLC now owns 368,000 shares of the financial services provider’s stock valued at $4,184,000 after acquiring an additional 206,500 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in CatchMark Timber Trust in the second quarter valued at $2,131,000. 70.15% of the stock is owned by institutional investors and hedge funds.
About CatchMark Timber Trust
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.
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