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NYSE:CTTCatchmark Timber Trust Stock Price, Forecast & News

$7.75
+0.17 (+2.24 %)
(As of 05/25/2020 10:29 AM ET)
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Today's Range
$7.53
Now: $7.75
$7.84
50-Day Range
$6.29
MA: $7.18
$7.94
52-Week Range
$5.13
Now: $7.75
$12.54
Volume162,390 shs
Average Volume220,147 shs
Market Capitalization$377.74 million
P/E RatioN/A
Dividend Yield6.97%
Beta1.25
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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Catchmark Timber Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorConstruction
CUSIPN/A
Phone855-858-9794

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$106.71 million
Book Value$3.94 per share

Profitability

Net Income$-93,320,000.00

Miscellaneous

Employees25
Market Cap$377.74 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Catchmark Timber Trust (NYSE:CTT) Frequently Asked Questions

How has Catchmark Timber Trust's stock been impacted by COVID-19 (Coronavirus)?

Catchmark Timber Trust's stock was trading at $7.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CTT stock has increased by 3.9% and is now trading at $7.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Catchmark Timber Trust?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Catchmark Timber Trust in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Catchmark Timber Trust.

When is Catchmark Timber Trust's next earnings date?

Catchmark Timber Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Catchmark Timber Trust.

How were Catchmark Timber Trust's earnings last quarter?

Catchmark Timber Trust Inc (NYSE:CTT) issued its earnings results on Monday, May, 4th. The financial services provider reported ($0.09) EPS for the quarter, missing the Zacks' consensus estimate of ($0.07) by $0.02. The financial services provider earned $26.97 million during the quarter, compared to analysts' expectations of $25.97 million. Catchmark Timber Trust had a negative net margin of 60.46% and a negative return on equity of 37.69%. View Catchmark Timber Trust's earnings history.

How often does Catchmark Timber Trust pay dividends? What is the dividend yield for Catchmark Timber Trust?

Catchmark Timber Trust announced a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 29th will be paid a dividend of $0.135 per share on Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend is Thursday, May 28th. View Catchmark Timber Trust's dividend history.

What price target have analysts set for CTT?

3 brokers have issued 12-month price targets for Catchmark Timber Trust's stock. Their forecasts range from $10.00 to $12.00. On average, they anticipate Catchmark Timber Trust's stock price to reach $11.33 in the next year. This suggests a possible upside of 46.2% from the stock's current price. View analysts' price targets for Catchmark Timber Trust.

Has Catchmark Timber Trust been receiving favorable news coverage?

News articles about CTT stock have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Catchmark Timber Trust earned a coverage optimism score of 1.5 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutCatchmark Timber Trust.

Are investors shorting Catchmark Timber Trust?

Catchmark Timber Trust saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 556,700 shares, a decrease of 18.7% from the April 15th total of 684,900 shares. Based on an average daily trading volume, of 263,100 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.2% of the company's stock are short sold. View Catchmark Timber Trust's Current Options Chain.

Who are some of Catchmark Timber Trust's key competitors?

What other stocks do shareholders of Catchmark Timber Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Catchmark Timber Trust investors own include KKR & Co Inc (KKR), AbbVie (ABBV), AGNC Investment (AGNC), ANNALY CAP MGMT/SH (NLY), Tanger Factory Outlet Centers (SKT), AT&T (T), Enterprise Products Partners (EPD), Ford Motor (F), Weyerhaeuser (WY) and Apple Hospitality REIT (APLE).

Who are Catchmark Timber Trust's key executives?

Catchmark Timber Trust's management team includes the following people:
  • Mr. Jerrold Barag, CEO & Director (Age 60)
  • Mr. Brian M. Davis, Pres & CFO (Age 50)
  • Mr. Todd P. Reitz, Sr. VP of Forest Resources & Principal Operating Officer (Age 48)
  • Ms. Lesley H. Solomon J.D., Gen. Counsel & Corp. Sec. (Age 47)
  • Mr. John F. Rasor, Pres of Triple T Timberlands (Age 76)

What is Catchmark Timber Trust's stock symbol?

Catchmark Timber Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTT."

Who are Catchmark Timber Trust's major shareholders?

Catchmark Timber Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.03%), Pictet Asset Management Ltd. (6.32%), Ranger Global Real Estate Advisors LLC (5.00%), Investment Counselors of Maryland LLC (3.78%), Deprince Race & Zollo Inc. (3.73%) and Chilton Capital Management LLC (1.71%). Company insiders that own Catchmark Timber Trust stock include Brian M Davis, Donald S Moss, Douglas Rubenstein, Henry G Zigtema, Jerry Barag, Lesley H Solomon and Paul S Fisher. View institutional ownership trends for Catchmark Timber Trust.

Which institutional investors are selling Catchmark Timber Trust stock?

CTT stock was sold by a variety of institutional investors in the last quarter, including Real Estate Management Services LLC, Squarepoint Ops LLC, Morgan Stanley, Aperio Group LLC, BlackRock Inc., UBS Group AG, Victory Capital Management Inc., and Victory Capital Management Inc.. View insider buying and selling activity for Catchmark Timber Trust.

Which institutional investors are buying Catchmark Timber Trust stock?

CTT stock was purchased by a variety of institutional investors in the last quarter, including Legal & General Group Plc, Ranger Global Real Estate Advisors LLC, JPMorgan Chase & Co., Parametric Portfolio Associates LLC, Martingale Asset Management L P, Capital Investment Advisors LLC, Geode Capital Management LLC, and Pictet Asset Management Ltd.. Company insiders that have bought Catchmark Timber Trust stock in the last two years include Brian M Davis, Donald S Moss, Douglas Rubenstein, Henry G Zigtema, Jerry Barag, Lesley H Solomon, and Paul S Fisher. View insider buying and selling activity for Catchmark Timber Trust.

How do I buy shares of Catchmark Timber Trust?

Shares of CTT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Catchmark Timber Trust's stock price today?

One share of CTT stock can currently be purchased for approximately $7.75.

How big of a company is Catchmark Timber Trust?

Catchmark Timber Trust has a market capitalization of $377.74 million and generates $106.71 million in revenue each year. The financial services provider earns $-93,320,000.00 in net income (profit) each year or ($2.05) on an earnings per share basis. Catchmark Timber Trust employs 25 workers across the globe.

What is Catchmark Timber Trust's official website?

The official website for Catchmark Timber Trust is www.catchmark.com.

How can I contact Catchmark Timber Trust?

Catchmark Timber Trust's mailing address is 5 CONCOURSE PARKWAY SUITE 2650, ATLANTA GA, 30328. The financial services provider can be reached via phone at 855-858-9794 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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