Catchmark Timber Trust Inc (CTT) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 13 from a previous price target of $14 . Stifel advised their investors in a research report released on May 6, 2016.
Catchmark Timber Trust Inc opened for trading at $10.42 and hit $10.72 on the upside on Wednesday, eventually ending the session at $10.63, with a gain of 1.43% or 0.15 points. The heightened volatility saw the trading volume jump to 67,538 shares. Company has a market cap of $412 M.
In a different news, on Sep 17, 2015, Donald S Moss (director) purchased 2,000 shares at $9.97 per share price.
CatchMark Timber Trust Inc. (CatchMark Timber Trust) 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. CatchMark Timber Trust conducts all its business through CatchMark Timber Operating Partnership L.P. As of December 31 2014 the Company owned interests in approximately 393300 acres of timberland consisting of approximately 364700 acres of fee timberlands and approximately 28600 acres of leased timberlands. As of December 31 2014 CatchMark Timber Trust’s timberlands contained acreage consisted of approximately 74% pine stands and 26% hardwood stands located in Alabama Florida Georgia Louisiana and Texas. The Company generates recurring income and cash flow from the harvest and sale of timber as well as from non-timber related revenue sources such as recreational leases.