Catchmark Timber Trust Inc (NYSE:CTT) has earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.75.

CTT has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on 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. Raymond James Financial reissued a “buy” rating on shares of Catchmark Timber Trust in a research note on Thursday, December 7th. Finally, Zacks Investment Research raised Catchmark Timber Trust from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, November 7th.

Shares of Catchmark Timber Trust (NYSE:CTT) traded up $0.17 during mid-day trading on Friday, reaching $13.06. The company had a trading volume of 293,534 shares, compared to its average volume of 184,510. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The firm has a market cap of $559.74, a price-to-earnings ratio of -37.43 and a beta of 0.69. Catchmark Timber Trust has a twelve month low of $10.10 and a twelve month high of $13.47.

Catchmark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Catchmark Timber Trust had a negative return on equity of 3.64% and a negative net margin of 15.09%. research analysts anticipate that Catchmark Timber Trust will post -0.33 EPS for the current year.

In other Catchmark Timber Trust news, Director Paul S. Fisher acquired 2,700 shares of Catchmark Timber Trust stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $12.84 per share, with a total value of $34,668.00. Following the completion of the purchase, the director now owns 14,918 shares in the company, valued at $191,547.12. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Sowell Financial Services LLC boosted its stake in Catchmark Timber Trust by 75.2% in the fourth quarter. Sowell Financial Services LLC now owns 20,144 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 8,644 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Catchmark Timber Trust by 114.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 3,254,679 shares of the financial services provider’s stock worth $42,734,000 after acquiring an additional 1,734,259 shares during the last quarter. RMR Advisors LLC bought a new stake in shares of Catchmark Timber Trust during the fourth quarter worth $328,000. Acadian Asset Management LLC bought a new stake in shares of Catchmark Timber Trust during the fourth quarter worth $104,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Catchmark Timber Trust by 42.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 81,576 shares of the financial services provider’s stock worth $1,072,000 after acquiring an additional 24,367 shares during the last quarter. 64.46% of the stock is currently owned by institutional investors.

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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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