Media headlines about CatchMark Timber Trust (NYSE:CTT) have trended somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CatchMark Timber Trust earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.4551407035864 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages have recently issued reports on CTT. BidaskClub downgraded CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.
Shares of CatchMark Timber Trust (NYSE CTT) traded up 0.784% on Monday, hitting $12.215. The stock had a trading volume of 101,683 shares. The firm has a 50 day moving average of $11.54 and a 200-day moving average of $11.44. CatchMark Timber Trust has a 1-year low of $10.05 and a 1-year high of $12.24. The firm’s market capitalization is $474.22 million.
CatchMark Timber Trust (NYSE:CTT) last posted its earnings results on Thursday, August 3rd. The financial services provider reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.04. The company had revenue of $26.84 million during the quarter, compared to analyst estimates of $22.87 million. CatchMark Timber Trust had a negative net margin of 13.85% and a negative return on equity of 3.26%. Equities analysts predict that CatchMark Timber Trust will post ($0.36) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were issued a dividend of $0.135 per share. The ex-dividend date was Monday, August 28th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.46%. CatchMark Timber Trust’s dividend payout ratio is currently -174.19%.
TRADEMARK VIOLATION NOTICE: “CatchMark Timber Trust (CTT) Getting Somewhat Positive News Coverage, Analysis Shows” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/18/catchmark-timber-trust-ctt-getting-somewhat-positive-news-coverage-analysis-shows.html.
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.
Receive News & Ratings for CatchMark Timber Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CatchMark Timber Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.