Media headlines about CatchMark Timber Trust (NYSE:CTT) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing 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 positive one, with scores nearest to one being the most favorable. CatchMark Timber Trust earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.1070743698957 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- CatchMark Timber Trust, Inc. (NYSE:CTT) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- CatchMark Timber Trust, Inc. (CTT) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Moto Z2 Force announced with flagship specs (wisdomsave.com)
- CatchMark Timber Trust Inc (campdesrecrues.com)
- CatchMark Timber Trust, Inc. (NYSE:CTT) Stake Raised by Stifel Financial Corp (wisdomsave.com)
CatchMark Timber Trust (CTT) traded down 1.33% during midday trading on Friday, reaching $11.14. The company’s stock had a trading volume of 75,396 shares. CatchMark Timber Trust has a 52 week low of $10.05 and a 52 week high of $12.07. The firm’s market capitalization is $432.49 million. The stock has a 50 day moving average of $11.46 and a 200 day moving average of $11.30.
CatchMark Timber Trust (NYSE:CTT) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The business had revenue of $26.84 million during the quarter, compared to the consensus estimate of $22.87 million. CatchMark Timber Trust had a negative return on equity of 3.26% and a negative net margin of 13.85%. On average, equities research analysts predict that CatchMark Timber Trust will post ($0.37) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, August 28th. This represents a $0.54 dividend on an annualized basis and a yield of 4.85%. CatchMark Timber Trust’s dividend payout ratio (DPR) is currently -174.19%.
A number of brokerages have recently weighed in on CTT. Zacks Investment Research lowered CatchMark Timber Trust from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered CatchMark Timber Trust from a “hold” rating to a “sell” rating in a research note on Thursday.
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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