Robert W. Baird Initiates Coverage on Catchmark Timber Trust (CTT)
Investment analysts at Robert W. Baird assumed coverage on shares of Catchmark Timber Trust (NYSE:CTT) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $16.00 price target on the stock. Robert W. Baird’s price target would suggest a potential upside of 14.78% from the stock’s previous close.
Shares of Catchmark Timber Trust (NYSE:CTT) traded up 0.36% on Tuesday, hitting $13.94. 111,650 shares of the company’s stock traded hands. Catchmark Timber Trust has a 52 week low of $13.22 and a 52 week high of $14.40. The stock has a 50-day moving average of $13.78 and a 200-day moving average of $13.78. The company’s market cap is $177.2 million.
The company also recently announced a special dividend, which is scheduled for Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of 0.11 per share. The ex-dividend date is Wednesday, February 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Catchmark Timber Trust in a research note to investors on Tuesday. They set a “buy” rating and a $15.50 price target on the stock. Analysts at Raymond James initiated coverage on shares of Catchmark Timber Trust in a research note to investors on Tuesday, January 14th. They set an “outperform” rating and a $15.50 price target on the stock.
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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