Catchmark Timber Trust (NYSE:CTT) released its quarterly earnings data on Thursday. The financial services provider reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.06), MarketWatch Earnings reports. The firm had revenue of $22.57 million during the quarter, compared to the consensus estimate of $27.30 million. Catchmark Timber Trust had a negative net margin of 124.68% and a negative return on equity of 30.18%.
Catchmark Timber Trust stock traded down $0.01 during trading hours on Friday, reaching $10.05. The stock had a trading volume of 238,000 shares, compared to its average volume of 266,444. The company has a market capitalization of $490.83 million, a PE ratio of -3.94 and a beta of 1.30. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.49 and a current ratio of 1.49. Catchmark Timber Trust has a 52 week low of $6.71 and a 52 week high of $13.21.
In other news, Director Donald S. Moss bought 10,000 shares of Catchmark Timber Trust stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of $9.52 per share, for a total transaction of $95,200.00. Following the completion of the acquisition, the director now owns 57,224 shares of the company’s stock, valued at approximately $544,772.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.
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Catchmark Timber Trust Company Profile
CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas.
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