Zacks Investment Research downgraded Catchmark Timber Trust Inc (NYSE:CTT) to Sell in a report released today.
- Updated: October 16, 2016
Having a price of $10.87, Catchmark Timber Trust Inc (NYSE:CTT) traded -0.27% lower on the day. With the last stock price down -4.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Catchmark Timber Trust Inc has recorded a 50-day average of $11.44 and a two hundred day average of $11.42. Volume of trade was up over the average, with 106,929 shares of CTT changing hands over the typical 92,640
Zacks Investment Research has downgraded Catchmark Timber Trust Inc (NYSE:CTT) to Sell in a statement released on 10/11/2016.
On Friday May 06, 2016, Stifel Nicolaus released a statement about Catchmark Timber Trust Inc (NYSE:CTT) dropped the target price from $14.00 to $13.00 that suggested an upside of 0.23%.
With a total market value of $0, Catchmark Timber Trust Inc has 52 week low of $9.70 and a 52 week high of $12.58 .
In addition to Zacks Investment Research reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $12.67 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Catchmark Timber Trust Inc (NYSE:CTT)
CatchMark Timber Trust, Inc. is a self-administered and self-managed real estate company investing in timberlands. The Company is engaged in the ownership, management, acquisition and disposition of timberland properties located in the United States. The Company invests in timberlands and manages such assets to provide current income and long-term returns to its stockholders. The Company conducts all its business through CatchMark Timber Operating Partnership, L.P. The Company owned interests in approximately 425,000 acres of timberland in the United States of America South, consisting of approximately 401,200 acres of fee-simple timberlands, and approximately 23,800 acres of leased timberlands. The Company's timberlands contained acreage consisted of approximately 74% pine stands and approximately 26% hardwood stands.
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