Catchmark Timber Trust Inc (NYSE:CTT)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $9.41 and last traded at $9.59, with a volume of 25107 shares trading hands. The stock had previously closed at $9.74.

Several equities analysts recently issued reports on CTT shares. Zacks Investment Research upgraded Catchmark Timber Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine upgraded Catchmark Timber Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.13.

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $561.40 million, a price-to-earnings ratio of -28.12 and a beta of 0.61.

Catchmark Timber Trust (NYSE:CTT) last released its quarterly earnings results on Thursday, August 2nd. The financial services provider reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Catchmark Timber Trust had a negative return on equity of 3.32% and a negative net margin of 15.22%. The firm had revenue of $26.25 million during the quarter, compared to the consensus estimate of $22.84 million. As a group, equities research analysts predict that Catchmark Timber Trust Inc will post -4.36 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CTT. NEXT Financial Group Inc bought a new stake in shares of Catchmark Timber Trust during the 3rd quarter worth approximately $103,000. SG Americas Securities LLC bought a new stake in shares of Catchmark Timber Trust during the 1st quarter worth approximately $104,000. Stevens Capital Management LP bought a new stake in shares of Catchmark Timber Trust during the 2nd quarter worth approximately $129,000. Jane Street Group LLC bought a new stake in shares of Catchmark Timber Trust during the 1st quarter worth approximately $139,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Catchmark Timber Trust during the 1st quarter worth approximately $160,000. 78.12% of the stock is owned by hedge funds and other institutional investors.

Catchmark Timber Trust Company Profile (NYSE:CTT)

CatchMark Timber Trust, Inc (NYSE: CTT) is a self-administered and self-managed, publicly-traded timberland REIT that strives to deliver superior risk-adjusted returns for all stakeholders through disciplined acquisitions, sustainable harvests, well-timed real estate sales and investment management. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in approximately 1.6 million acres of timberlands located in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Texas.

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