SEC Form SC 13G/A filed by CatchMark Timber Trust Inc. (Amendment)
$CTT
Real Estate Investment Trusts
Real Estate
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/1/2022 | $10.00 → $12.00 | Buy → Hold | Stifel |
| 4/11/2022 | $9.00 → $10.00 | Neutral → Outperform | Robert W. Baird |
| 10/18/2021 | $12.00 → $9.00 | Sector Perform | RBC Capital |
| 10/18/2021 | Outperform → Underperform | Raymond James | |
| 10/15/2021 | Outperform → Underperform | Raymond James | |
| 10/15/2021 | Buy → Neutral | Citigroup |
Stifel downgraded CatchMark Timber Trust from Buy to Hold and set a new price target of $12.00 from $10.00 previously
Robert W. Baird upgraded CatchMark Timber Trust from Neutral to Outperform and set a new price target of $10.00 from $9.00 previously
RBC Capital reiterated coverage of CatchMark Timber Trust with a rating of Sector Perform and set a new price target of $9.00 from $12.00 previously
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
CatchMark Timber Trust, Inc. (NYSE:CTT) ("CatchMark" or the "Company") announced that, at the special meeting of stockholders (the "Special Meeting") held today, its stockholders approved the merger of CatchMark with and into a wholly owned subsidiary of PotlatchDeltic Corporation (NASDAQ:PCH) ("PotlatchDeltic"), pursuant to the terms of the Agreement and Plan of Merger, dated as of May 29, 2022 (the "Merger Agreement"). CatchMark will provide final vote results for the Special Meeting, as certified by the independent Inspector of Election, on a Form 8-K to be filed with the U.S. Securities and Exchange Commission. The transaction is expected to close on or about September 14, 2022, subject
CatchMark Timber Trust (NYSE:CTT) brought in sales totaling $24.56 million during Q2 according to data provided by Benzinga Pro. However, earnings decreased 243.18%, resulting in a loss of $4.56 million. CatchMark Timber Trust earned $3.18 million, and sales totaled $26.94 million in Q1. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q2, CatchMark Timber Trust posted
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the real estate sector: Altisource Portfolio (NASDAQ:ASPS) - P/E: 7.09 CatchMark Timber Trust (NYSE:CTT) - P/E: 9.76 Tricon Residential (NYSE:TCN) - P/E: 4.14 Harbor Custom Dev (NASDAQ:HCDI) - P/E: 4.21 Ready Capital (NYSE:RC)
PotlatchDeltic Corporation (NASDAQ:PCH) announced today the tax treatment for CatchMark Timber Trust, Inc.'s (NYSE:CTT) dividend distributions made in 2022 on CatchMark's Common Stock (CUSIP# 14912Y202). In 2022, CatchMark paid a total of $0.15 per share in cash dividends prior to completing its merger with PotlatchDeltic Corporation on September 14, 2022. The following table summarizes the income tax treatment of the company's 2022 dividends. 2022 Dividend Tax Reporting Information (Form 1099-DIV) Record Date Payable Date Distribution Per Share Non-Dividend Distribution 02/28/2022 03/15/2022 $0.075 $0.075 05/31/2022 06/15/2022 $0.075 $0.075
ATLANTA, Sept. 13, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) ("CatchMark" or the "Company") announced that, at the special meeting of stockholders (the "Special Meeting") held today, its stockholders approved the merger of CatchMark with and into a wholly owned subsidiary of PotlatchDeltic Corporation (NASDAQ:PCH) ("PotlatchDeltic"), pursuant to the terms of the Agreement and Plan of Merger, dated as of May 29, 2022 (the "Merger Agreement"). CatchMark will provide final vote results for the Special Meeting, as certified by the independent Inspector of Election, on a Form 8-K to be filed with the U.S. Securities and Exchange Commission.
ATLANTA, Sept. 6, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) ("CatchMark" or the "Company") announced today that independent proxy advisory firms Glass, Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services Inc. ("ISS") have recommended that the Company's stockholders vote "FOR" the previously announced merger of the Company with PotlatchDeltic Corporation (NASDAQ:PCH) ("PotlatchDeltic") at the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for September 13, 2022 at 10:00 a.m., Eastern Time. As previously ann
SC 13G/A - CatchMark Timber Trust, Inc. (0001341141) (Subject)
SC 13G/A - CatchMark Timber Trust, Inc. (0001341141) (Subject)
SC 13G/A - CatchMark Timber Trust, Inc. (0001341141) (Subject)
PotlatchDeltic Corporation (NASDAQ:PCH) announced today the tax treatment for CatchMark Timber Trust, Inc.'s (NYSE:CTT) dividend distributions made in 2022 on CatchMark's Common Stock (CUSIP# 14912Y202). In 2022, CatchMark paid a total of $0.15 per share in cash dividends prior to completing its merger with PotlatchDeltic Corporation on September 14, 2022. The following table summarizes the income tax treatment of the company's 2022 dividends. 2022 Dividend Tax Reporting Information (Form 1099-DIV) Record Date Payable Date Distribution Per Share Non-Dividend Distribution 02/28/2022 03/15/2022 $0.075 $0.075 05/31/2022 06/15/2022 $0.075 $0.075
Recognized a net loss of $4.6 million, resulting primarily from fees and expenses related to the pending merger with PotlatchDeltic Corporation.Produced Adjusted EBITDA of $13.7 million and $24.6 million in total revenues.Captured blended net timber sales pricing 10% higher year over year driven by a 21% increase in sawtimber pricing.Continued to generate significant premiums over TimberMart-South South-wide pricing averages as a result of prime timberlands located in strong local markets.Generated $8.8 million in timberland sales, accelerating timing of full-year plan.Acquired 1,300 acres of prime timberlands located in southeast Alabama for $2.2 million.ATLANTA, Aug. 4, 2022 /PRNewswire/ -
ATLANTA, July 8, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) will release its second quarter 2022 earnings on Thursday, August 4, 2022, following the market close. About CatchMark CatchMark (NYSE:CTT) invests in prime timberlands located in the nation's leading mill markets, seeking to capture the highest value per acre and to generate sustainable yields through disciplined management and superior stewardship of its exceptional resources. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 20
15-12G - CatchMark Timber Trust, Inc. (0001341141) (Filer)
EFFECT - CatchMark Timber Trust, Inc. (0001341141) (Filer)
S-8 POS - CatchMark Timber Trust, Inc. (0001341141) (Filer)