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Stock analysts at Raymond James assumed coverage on shares of Catchmark Timber Trust (NYSE:CTT) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $15.50 price target on the stock. Raymond James’ target price indicates a potential upside of 10.87% from the stock’s previous close.

Shares of Catchmark Timber Trust (NYSE:CTT) traded up 1.16% on Tuesday, hitting $13.98. 64,199 shares of the company’s stock traded hands. Catchmark Timber Trust has a 1-year low of $13.22 and a 1-year high of $14.40. The stock’s 50-day moving average is $13.78 and its 200-day moving average is $13.78. The company’s market cap is $177.8 million.

The company also recently declared a special dividend, which is scheduled for Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of 0.11 per share. The ex-dividend date is Wednesday, February 26th.

CatchMark Timber Trust, Inc is a real estate company investing in timberlands. The Company primarily engages in the ownership, management, acquisition and disposition of timberlands located in the United States.

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