CatchMark Timber Trust (NYSE:CTT) Upgraded to “Outperform” by Robert W. Baird

CatchMark Timber Trust (NYSE:CTTGet Rating) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other equities analysts have also weighed in on CTT. StockNews.com began coverage on CatchMark Timber Trust in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.85.

Shares of CatchMark Timber Trust stock opened at $8.00 on Monday. The stock has a market cap of $392.17 million, a PE ratio of 6.61 and a beta of 1.21. The business has a fifty day simple moving average of $8.07 and a 200-day simple moving average of $8.72. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.62. CatchMark Timber Trust has a 12 month low of $7.18 and a 12 month high of $12.78.

CatchMark Timber Trust (NYSE:CTTGet Rating) last posted its earnings results on Thursday, February 10th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.52. CatchMark Timber Trust had a return on equity of 38.68% and a net margin of 57.03%. During the same quarter last year, the company earned ($0.06) EPS. Analysts expect that CatchMark Timber Trust will post -0.12 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new stake in CatchMark Timber Trust during the fourth quarter valued at approximately $37,000. Consolidated Planning Corp acquired a new position in shares of CatchMark Timber Trust in the 3rd quarter worth approximately $64,000. Millburn Ridgefield Corp boosted its holdings in shares of CatchMark Timber Trust by 27.9% in the 4th quarter. Millburn Ridgefield Corp now owns 7,500 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 1,634 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of CatchMark Timber Trust by 27.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 7,500 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 1,634 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in shares of CatchMark Timber Trust in the 4th quarter worth approximately $93,000. 80.77% of the stock is currently owned by institutional investors.

CatchMark Timber Trust Company Profile (Get Rating)

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.

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