Catchmark Timber Trust (CTT) Getting Favorable Media Coverage, Analysis Shows

Media coverage about Catchmark Timber Trust (NYSE:CTT) has been trending positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Catchmark Timber Trust earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.2792149043854 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of brokerages have commented on CTT. Zacks Investment Research downgraded shares of Catchmark Timber Trust from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Raymond James Financial restated a “buy” rating on shares of Catchmark Timber Trust in a research note on Thursday, December 7th. Finally, Stifel Nicolaus lowered their price target on shares of 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.75.

Shares of Catchmark Timber Trust (CTT) traded up $0.17 on Friday, hitting $12.20. 263,365 shares of the stock traded hands, compared to its average volume of 211,730. Catchmark Timber Trust has a 52-week low of $10.47 and a 52-week high of $13.47. The stock has a market cap of $529.77, a PE ratio of -35.88 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.

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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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