Brokerages predict that Catchmark Timber Trust Inc (NYSE:CTT) will post sales of $22.70 million for the current quarter, Zacks reports. Two analysts have provided estimates for Catchmark Timber Trust’s earnings, with the highest sales estimate coming in at $22.90 million and the lowest estimate coming in at $22.50 million. Catchmark Timber Trust posted sales of $20.40 million during the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Catchmark Timber Trust will report full-year sales of $22.70 million for the current year, with estimates ranging from $91.07 million to $91.50 million. For the next year, analysts forecast that the firm will post sales of $100.93 million per share, with estimates ranging from $98.26 million to $103.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Catchmark Timber Trust.

CTT has been the topic of a number of research reports. ValuEngine raised shares of Catchmark Timber Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Zacks Investment Research downgraded shares of Catchmark Timber Trust from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Stifel Nicolaus dropped their price target on shares of Catchmark Timber Trust from $13.50 to $12.50 and set a “buy” rating on the stock in a research note on Monday, October 16th. Finally, Raymond James Financial reaffirmed a “buy” rating on shares of Catchmark Timber Trust in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $13.25.

Catchmark Timber Trust (NYSE:CTT) traded up $0.06 during midday trading on Tuesday, hitting $13.32. 211,300 shares of the stock were exchanged, compared to its average volume of 187,940. Catchmark Timber Trust has a 1-year low of $10.10 and a 1-year high of $13.47. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $578.41, a P/E ratio of -38.06 and a beta of 0.69.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Wednesday, November 29th. Catchmark Timber Trust’s dividend payout ratio (DPR) is presently -154.29%.

In other Catchmark Timber Trust news, Director Paul S. Fisher acquired 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $12.84 per share, for a total transaction of $34,668.00. Following the completion of the acquisition, the director now owns 14,918 shares of the company’s stock, valued at approximately $191,547.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. Stelac Advisory Services LLC bought a new stake in Catchmark Timber Trust in the third quarter worth $106,000. Raymond James Trust N.A. bought a new stake in Catchmark Timber Trust in the third quarter worth $137,000. Sei Investments Co. boosted its holdings in Catchmark Timber Trust by 31.3% in the second quarter. Sei Investments Co. now owns 11,008 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 2,626 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Catchmark Timber Trust in the third quarter worth $149,000. Finally, Susquehanna International Group LLP bought a new stake in Catchmark Timber Trust in the second quarter worth $152,000. Hedge funds and other institutional investors own 63.71% of the company’s stock.

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About Catchmark Timber Trust

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. It is focused on investing in timberlands and to manage such assets to provide current income and attractive long-term returns to its stockholders.

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