Catchmark Timber Trust Inc (NYSE:CTT) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 516,800 shares, a decline of 10.4% from the December 15th total of 576,800 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 198,400 shares, the short-interest ratio is presently 2.6 days.

Shares of Catchmark Timber Trust stock opened at $11.18 on Thursday. Catchmark Timber Trust has a 52-week low of $8.18 and a 52-week high of $12.54. The stock’s 50-day simple moving average is $11.41 and its 200 day simple moving average is $10.79. The stock has a market capitalization of $534.67 million, a P/E ratio of -4.38 and a beta of 1.25. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.90 and a current ratio of 0.90.

Catchmark Timber Trust (NYSE:CTT) last announced its quarterly earnings data on Friday, November 1st. The financial services provider reported ($0.42) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.55) by $0.13. Catchmark Timber Trust had a negative return on equity of 48.74% and a negative net margin of 119.09%. The business had revenue of $26.38 million for the quarter, compared to analysts’ expectations of $29.23 million. Equities research analysts forecast that Catchmark Timber Trust will post -2.05 EPS for the current fiscal year.

CTT has been the topic of a number of recent analyst reports. Zacks Investment Research cut Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird cut Catchmark Timber Trust from an “outperform” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research note on Monday, January 6th. Royal Bank of Canada cut Catchmark Timber Trust from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a research note on Monday, November 4th. Finally, ValuEngine cut Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.00.

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its stake in Catchmark Timber Trust by 4.2% in the third quarter. Nisa Investment Advisors LLC now owns 51,133 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 2,066 shares during the period. MML Investors Services LLC lifted its holdings in Catchmark Timber Trust by 22.7% in the second quarter. MML Investors Services LLC now owns 15,014 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 2,777 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Catchmark Timber Trust by 8.2% in the second quarter. UBS Asset Management Americas Inc. now owns 55,938 shares of the financial services provider’s stock worth $585,000 after buying an additional 4,232 shares during the period. Summit Global Investments raised its stake in shares of Catchmark Timber Trust by 6.2% in the second quarter. Summit Global Investments now owns 75,300 shares of the financial services provider’s stock worth $787,000 after buying an additional 4,400 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Catchmark Timber Trust by 4.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 120,244 shares of the financial services provider’s stock worth $1,257,000 after buying an additional 5,430 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Catchmark Timber Trust Company Profile

CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.

Featured Article: How To Calculate Debt-to-Equity Ratio

Receive News & Ratings for Catchmark Timber Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Catchmark Timber Trust and related companies with MarketBeat.com's FREE daily email newsletter.