News coverage about Catchmark Timber Trust (NYSE:CTT) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Catchmark Timber Trust earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.7609952625146 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
CTT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Catchmark Timber Trust from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, January 10th. Raymond James Financial restated a “buy” rating on shares of Catchmark Timber Trust in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.75.
Catchmark Timber Trust (CTT) traded down $0.01 during trading hours on Tuesday, hitting $13.63. 207,873 shares of the stock were exchanged, compared to its average volume of 241,389. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.97 and a current ratio of 0.97. Catchmark Timber Trust has a 12 month low of $10.60 and a 12 month high of $13.73. The company has a market cap of $587.77, a price-to-earnings ratio of -41.30 and a beta of 0.62.
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About Catchmark Timber Trust
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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