Catchmark Timber Trust (NYSE:CTT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The brokerage currently has a $13.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.11% from the stock’s current price.

According to Zacks, “CatchMark Timber Trust Inc. is a real estate investment trust. The Company is involved in the ownership, management, acquisition and disposition of timberlands primarily in the United States. CatchMark Timber Trust Inc. is based in Norcross, Georgia. “

A number of other equities research analysts have also issued reports on CTT. Royal Bank of Canada lowered shares of Catchmark Timber Trust from an “outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a report on Monday, November 4th. ValuEngine lowered shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.00.

Shares of CTT stock traded down $0.17 during trading hours on Monday, hitting $11.70. The company had a trading volume of 175,500 shares, compared to its average volume of 220,406. The company’s fifty day moving average is $11.44 and its 200 day moving average is $10.45. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.90 and a quick ratio of 0.90. Catchmark Timber Trust has a fifty-two week low of $6.71 and a fifty-two week high of $12.54. The stock has a market capitalization of $572.93 million, a PE ratio of -4.59 and a beta of 1.26.

Catchmark Timber Trust (NYSE:CTT) last issued its quarterly earnings data on Friday, November 1st. The financial services provider reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.13. Catchmark Timber Trust had a negative net margin of 119.09% and a negative return on equity of 48.74%. The firm had revenue of $26.38 million for the quarter, compared to analyst estimates of $29.23 million. Equities analysts forecast that Catchmark Timber Trust will post -2.05 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc increased its position in shares of Catchmark Timber Trust by 21.8% in the 2nd quarter. NEXT Financial Group Inc now owns 11,023 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,976 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Catchmark Timber Trust by 4.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 51,133 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 2,066 shares during the last quarter. Swiss National Bank increased its position in shares of Catchmark Timber Trust by 2.4% in the 2nd quarter. Swiss National Bank now owns 91,418 shares of the financial services provider’s stock valued at $955,000 after purchasing an additional 2,100 shares during the last quarter. MML Investors Services LLC increased its position in shares of Catchmark Timber Trust by 22.7% in the 2nd quarter. MML Investors Services LLC now owns 15,014 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 2,777 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Catchmark Timber Trust by 8.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 55,938 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 4,232 shares during the last quarter. Institutional investors own 81.88% of the company’s stock.

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.

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