Catchmark Timber Trust (CTT) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Catchmark Timber Trust (NYSE:CTT) from a buy rating to a hold rating in a report published on Monday morning.

According to Zacks, “CatchMark Timber Trust Inc. is a real estate investment trust. The Company is involved in the ownership, management, acquisition and disposition of timberlands primarily in the United States. CatchMark Timber Trust Inc. is based in Norcross, Georgia. “

A number of other research analysts have also recently weighed in on the company. Raymond James Financial restated a buy rating on shares of Catchmark Timber Trust in a research report on Thursday, December 7th. Stifel Nicolaus dropped their price target on Catchmark Timber Trust from $13.50 to $12.50 and set a buy rating for the company in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $13.75.

Catchmark Timber Trust (CTT) opened at $12.30 on Monday. Catchmark Timber Trust has a 52-week low of $10.47 and a 52-week high of $13.47. The firm has a market capitalization of $534.12, a price-to-earnings ratio of -35.14 and a beta of 0.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.73 and a quick ratio of 0.73.

A number of institutional investors have recently bought and sold shares of CTT. Acadian Asset Management LLC purchased a new stake in Catchmark Timber Trust during the 4th quarter worth about $104,000. Stelac Advisory Services LLC purchased a new stake in Catchmark Timber Trust during the 3rd quarter worth about $106,000. SeaCrest Wealth Management LLC purchased a new stake in Catchmark Timber Trust during the 4th quarter worth about $117,000. Raymond James Trust N.A. purchased a new stake in Catchmark Timber Trust during the 3rd quarter worth about $137,000. Finally, Sowell Financial Services LLC purchased a new stake in Catchmark Timber Trust during the 3rd quarter worth about $149,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.

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Catchmark Timber Trust Company Profile

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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