Catchmark Timber Trust (NYSE:CTT) announced its quarterly earnings results on Thursday. The financial services provider reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.01), Fidelity Earnings reports. The company had revenue of $29.10 million for the quarter, compared to analyst estimates of $30.02 million. Catchmark Timber Trust had a negative return on equity of 48.74% and a negative net margin of 119.09%.
CTT traded up $0.01 on Friday, hitting $11.01. 188,170 shares of the company were exchanged, compared to its average volume of 195,838. Catchmark Timber Trust has a fifty-two week low of $9.05 and a fifty-two week high of $12.54. The firm has a market capitalization of $531.76 million, a P/E ratio of -4.51 and a beta of 1.30. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average is $10.85 and its 200 day moving average is $10.85.
A number of analysts have recently issued reports on CTT shares. Royal Bank of Canada downgraded shares of Catchmark Timber Trust from an “outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a report on Monday, November 4th. Robert W. Baird downgraded shares of Catchmark Timber Trust from an “outperform” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Monday, January 6th. Zacks Investment Research cut shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, ValuEngine cut shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Catchmark Timber Trust has a consensus rating of “Hold” and a consensus target price of $12.00.
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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