Catchmark Timber Trust Stock News

Earth First Investments 1: Forest Management

CatchMark Timber (CTT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

CatchMark Timber Trust found using ticker (CTT) have now 5 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 10.75 and 8 with the average target price sitting at 9.05. Given that the stocks previous close was at 8.01 this indicates there is a potential upside of 13.0%. There is a 50 day moving average of 8.28 and the 200 day moving average is 10.26. The company has a market cap of $392m. Company Website: https://www.catchmark.com [stock_market_widget type="chart" template="basic" color="green" assets=CTT" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $443m based on the market concensus. CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concentrating on maximizing cash flows throughout business cycles, the company strategically harvests its high-quality timberlands to produce durable revenue growth and takes advantage of proximate mill markets, which provide a reliable outlet for merchantable inventory.

CatchMark Timber Trust, Inc. (CTT) CEO Brian Davis on Q4 2021 Results - Earnings Call Transcript

ATLANTA, Feb. 10, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) today reported fourth quarter and full-year 2021 results. The company also declared a cash dividend of $0.075 per share for its common stockholders of record as of February 28, 2022, payable on March 15, 2022.

CatchMark (CTT) delivered earnings and revenue surprises of -2.78% and 12.22%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

CatchMark (CTT) closed at $8.29 in the latest trading session, marking a +0.12% move from the prior day.

In the latest trading session, CatchMark (CTT) closed at $8.59, marking a +0.23% move from the previous day.

CatchMark (CTT) closed the most recent trading day at $8.63, moving +1.89% from the previous trading session.

When we first covered CatchMark, we outlined the company's history and the highly destructive Triple-T deal. The stock has meandered since then and lagged its peers.

CatchMark (CTT) closed the most recent trading day at $8.66, moving -0.57% from the previous trading session.

CatchMark Timber Trust, Inc. (NYSE:CTT) has been given an average rating of Hold by the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy []