Catchmark Timber Trust Inc (NYSE:CTT) – B. Riley increased their Q3 2019 earnings per share estimates for shares of Catchmark Timber Trust in a report issued on Wednesday, August 7th. B. Riley analyst C. Kucera now forecasts that the financial services provider will post earnings of ($0.46) per share for the quarter, up from their previous forecast of ($0.48). B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Catchmark Timber Trust’s Q4 2019 earnings at ($0.36) EPS and FY2019 earnings at ($2.07) EPS.

Catchmark Timber Trust (NYSE:CTT) last posted its earnings results on Thursday, August 1st. The financial services provider reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.04). The company had revenue of $28.66 million for the quarter, compared to analyst estimates of $32.30 million. Catchmark Timber Trust had a negative return on equity of 58.86% and a negative net margin of 180.35%.

A number of other analysts have also recently issued reports on CTT. Zacks Investment Research cut shares of Catchmark Timber Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 3rd. ValuEngine upgraded shares of Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $10.75.

NYSE CTT opened at $9.96 on Friday. The business’s 50-day moving average is $10.16. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.03. The firm has a market cap of $488.14 million, a PE ratio of -3.91 and a beta of 1.25. Catchmark Timber Trust has a 52-week low of $6.71 and a 52-week high of $12.60.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Thursday, August 29th. Catchmark Timber Trust’s dividend payout ratio is -21.18%.

Large investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY increased its position in Catchmark Timber Trust by 284.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,056 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 11,140 shares during the period. Victory Capital Management Inc. bought a new position in Catchmark Timber Trust during the first quarter worth about $1,669,000. OLD National Bancorp IN increased its position in Catchmark Timber Trust by 10.4% during the second quarter. OLD National Bancorp IN now owns 43,990 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 4,161 shares during the period. Geode Capital Management LLC increased its position in Catchmark Timber Trust by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 509,290 shares of the financial services provider’s stock worth $3,615,000 after acquiring an additional 31,318 shares during the period. Finally, Meeder Asset Management Inc. increased its position in Catchmark Timber Trust by 33.8% during the first quarter. Meeder Asset Management Inc. now owns 37,688 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 9,515 shares during the period. 80.62% of the stock is currently owned by institutional investors and hedge funds.

Catchmark Timber Trust Company Profile

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.

See Also: Book Value Per Share – BVPS

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

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