CatchMark Timber Trust (CTT) Given New $14.00 Price Target at Stifel Nicolaus

CatchMark Timber Trust (NYSE:CTT) had its target price lifted by Stifel Nicolaus from $13.50 to $14.00 in a report issued on Wednesday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Separately, Zacks Investment Research cut CatchMark Timber Trust from a buy rating to a hold rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $14.00.

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Shares of NYSE CTT opened at $13.04 on Wednesday. CatchMark Timber Trust has a one year low of $10.81 and a one year high of $13.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $559.14, a PE ratio of -38.35 and a beta of 0.64.

CatchMark Timber Trust (NYSE:CTT) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). CatchMark Timber Trust had a negative net margin of 14.80% and a negative return on equity of 3.61%. The firm had revenue of $22.72 million for the quarter, compared to analysts’ expectations of $22.70 million. research analysts expect that CatchMark Timber Trust will post -0.28 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. San Francisco Sentry Investment Group CA purchased a new stake in CatchMark Timber Trust during the 4th quarter worth about $202,000. RMR Advisors LLC purchased a new stake in CatchMark Timber Trust during the 4th quarter worth about $328,000. Teachers Insurance & Annuity Association of America lifted its holdings in CatchMark Timber Trust by 22.7% during the 4th quarter. Teachers Insurance & Annuity Association of America now owns 48,438 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 8,950 shares in the last quarter. Two Sigma Investments LP purchased a new stake in CatchMark Timber Trust during the 4th quarter worth about $1,014,000. Finally, BLB&B Advisors LLC lifted its holdings in CatchMark Timber Trust by 29.8% during the 4th quarter. BLB&B Advisors LLC now owns 39,240 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 9,000 shares in the last quarter. 75.34% of the stock is currently owned by institutional investors and hedge funds.

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About CatchMark Timber Trust

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests and well-timed sales. Headquartered in Atlanta and focused exclusively on timberland ownership, CatchMark began operations in 2007 and owns interests in approximately 520,800 acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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