Catchmark Timber Trust Inc (NYSE:CTT) – Equities researchers at B. Riley raised their FY2018 earnings estimates for shares of Catchmark Timber Trust in a research report issued on Wednesday, September 5th. B. Riley analyst C. Kucera now expects that the financial services provider will post earnings per share of ($4.27) for the year, up from their previous estimate of ($4.28). B. Riley also issued estimates for Catchmark Timber Trust’s Q4 2018 earnings at ($0.04) EPS, Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at ($0.02) EPS, Q3 2019 earnings at ($0.02) EPS, Q4 2019 earnings at ($0.03) EPS and FY2019 earnings at ($0.10) EPS.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Catchmark Timber Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. ValuEngine raised shares of Catchmark Timber Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Catchmark Timber Trust has an average rating of “Buy” and an average target price of $14.13.

NYSE:CTT opened at $12.03 on Monday. Catchmark Timber Trust has a 12 month low of $11.70 and a 12 month high of $13.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $600.20 million, a PE ratio of -35.94 and a beta of 0.60.

Catchmark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $22.84 million.

Institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System purchased a new position in shares of Catchmark Timber Trust during the first quarter worth $348,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Catchmark Timber Trust by 11.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 91,276 shares of the financial services provider’s stock worth $1,139,000 after purchasing an additional 9,700 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Catchmark Timber Trust by 71.8% during the first quarter. Stifel Financial Corp now owns 77,099 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 32,218 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Catchmark Timber Trust by 2.1% during the first quarter. Northern Trust Corp now owns 513,075 shares of the financial services provider’s stock worth $6,398,000 after purchasing an additional 10,551 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Catchmark Timber Trust by 16.1% during the first quarter. Swiss National Bank now owns 82,318 shares of the financial services provider’s stock worth $1,027,000 after purchasing an additional 11,400 shares during the last quarter. 78.13% of the stock is owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Thursday, August 30th will be issued a dividend of $0.135 per share. The ex-dividend date is Wednesday, August 29th. This represents a $0.54 annualized dividend and a dividend yield of 4.49%. Catchmark Timber Trust’s dividend payout ratio (DPR) is presently -158.82%.

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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Earnings History and Estimates for Catchmark Timber Trust (NYSE:CTT)

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