Catchmark Timber Trust Inc (CTT) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

October 12, 2017 - By Migdalia James

Investors sentiment decreased to 1.37 in 2017 Q2. Its down 0.46, from 1.83 in 2017Q1. It dived, as 13 investors sold Catchmark Timber Trust Inc shares while 28 reduced holdings. 12 funds opened positions while 44 raised stakes. 26.33 million shares or 4.44% more from 25.21 million shares in 2017Q1 were reported.
Bessemer Group Incorporated Inc has 59,000 shares for 0% of their portfolio. State Teachers Retirement Sys, a New York-based fund reported 3,400 shares. Jpmorgan Chase holds 44,956 shares or 0% of its portfolio. Wells Fargo Com Mn stated it has 378,381 shares. Citigroup holds 0% or 14,604 shares in its portfolio. Dalton Greiner Hartman Maher And Company holds 0.2% of its portfolio in Catchmark Timber Trust Inc (NYSE:CTT) for 306,802 shares. Cove Street Ltd Com reported 0.12% stake. Nationwide Fund Advsrs holds 0% in Catchmark Timber Trust Inc (NYSE:CTT) or 22,097 shares. Goldman Sachs Group has 116,105 shares. Martingale Asset Mngmt L P reported 0.02% stake. Raymond James Fin Services Advsrs invested in 125,331 shares or 0.01% of the stock. 33,873 are held by Stifel Financial. Third Avenue Lc holds 0.04% or 80,000 shares. Amer Group Inc Inc holds 0% or 24,023 shares in its portfolio. Next Financial Grp Inc Incorporated invested 0% of its portfolio in Catchmark Timber Trust Inc (NYSE:CTT).

The stock of Catchmark Timber Trust Inc (NYSE:CTT) hit a new 52-week high and has $13.46 target or 3.00 % above today’s $13.07 share price. The 7 months bullish chart indicates low risk for the $510.77 million company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $13.46 price target is reached, the company will be worth $15.32M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 32,989 shares traded. Catchmark Timber Trust Inc (NYSE:CTT) has risen 8.20% since October 12, 2016 and is uptrending. It has underperformed by 8.50% the S&P500.

Wall Street await Catchmark Timber Trust Inc (NYSE:CTT) to release earnings on November, 2. Analysts forecast EPS of $-0.12, down exactly $0.05 or 71.43 % from 2014’s $-0.07 EPS. After posting $-0.06 EPS for the previous quarter, Catchmark Timber Trust Inc’s analysts now forecast 100.00 % negative EPS growth.

Catchmark Timber Trust Inc (NYSE:CTT) Ratings Coverage

Among 2 analysts covering CatchMark Timber Trust (NYSE:CTT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CatchMark Timber Trust had 3 analyst reports since March 9, 2016 according to SRatingsIntel. Robert W. Baird maintained Catchmark Timber Trust Inc (NYSE:CTT) rating on Wednesday, March 9. Robert W. Baird has “Outperform” rating and $12 target. Stifel Nicolaus maintained it with “Buy” rating and $12.5000 target in Thursday, August 3 report. The firm earned “Buy” rating on Friday, May 6 by Stifel Nicolaus.

More notable recent Catchmark Timber Trust Inc (NYSE:CTT) news were published by: Seekingalpha.com which released: “CatchMark Timber Trust Is Poised To Profit” on September 30, 2015, also Seekingalpha.com with their article: “CatchMark Timber Trust’s (CTT) CEO Jerry Barag on Q2 2017 Results – Earnings …” published on August 04, 2017, Seekingalpha.com published: “CatchMark Timber Trust’s (CTT) CEO Jerry Barag on Q1 2017 Results – Earnings …” on May 05, 2017. More interesting news about Catchmark Timber Trust Inc (NYSE:CTT) were released by: Zacks.com and their article: “Why CatchMark Timber Trust (CTT) Stock Might be a Great Pick November 22, 2016” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “CatchMark Agrees to $102 Million Acquisition of Prime South Carolina Timberlands” with publication date: May 05, 2016.

CatchMark Timber Trust, Inc. is a self-administered and self-managed real estate firm investing in timberlands. The company has market cap of $510.77 million. The Firm is engaged in the ownership, management, acquisition and disposition of timberland properties located in the United States. It currently has negative earnings. The Firm conducts all of its business through CatchMark Timber Operating Partnership, L.P.

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