CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concentrating on maximizing cash flows throughout business cycles, the company strategically harvests its high-quality timberlands to produce durable revenue growth and takes advantage of proximate mill markets, which provide a reliable outlet for merchantable inventory. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.5 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina and Texas.
IPO Year: 2013
Exchange: NYSE
Website: catchmark.com
| 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 |
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)
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SC 13G - CatchMark Timber Trust, Inc. (0001341141) (Subject)
SC 13G/A - CatchMark Timber Trust, Inc. (0001341141) (Subject)
SC 13G/A - CatchMark Timber Trust, Inc. (0001341141) (Subject)
SC 13G - CatchMark Timber Trust, Inc. (0001341141) (Subject)
SC 13G/A - CatchMark Timber Trust, Inc. (0001341141) (Subject)
SC 13G - CatchMark Timber Trust, Inc. (0001341141) (Subject)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
4 - CatchMark Timber Trust, Inc. (0001341141) (Issuer)
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
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
ATLANTA, June 10, 2022 /PRNewswire/ -- Georgia Gov. Brian Kemp honored Atlanta-based CatchMark Timber Trust, Inc. (NYSE:CTT) earlier this month as a 2022 partner in the state's Forestry for Wildlife Partnership, a program administered by the Georgia Department of Natural Resources' Wildlife Resources Division (DNR). Gov. Kemp recognized CatchMark for its "stewardship and land management practices benefiting wildlife across Georgia." See press release from the Georgia Department of Natural Resources here. Administered by the Georgia Department of Natural Resources' Wildlife Res
Combined Company Will Have Approximately 2.2 Million Acres of Diversified High-Quality Timberlands Will Remain the Timber REIT with the Most Leverage to Lumber Prices Creates Opportunities to Leverage Attractive Real Estate Portfolio Compelling Synergies Expected to Drive Approximately $16 Million Increase in Pro Forma Cash Available for Distribution by End of First Year Transaction Expected to Close in Second Half of 2022 Companies to Host Conference Call and Webcast Today at 5:30 a.m. Pacific Time / 8:30 a.m. Eastern Time PotlatchDeltic Corporation (NASDAQ:PCH) ("PotlatchDeltic") and CatchMark Timber Trust, Inc. (NYSE:CTT) ("CatchMark") today announced that they have entered into a
ATLANTA, April 8, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) will release its first quarter 2022 earnings on Thursday, May 5, 2022, following the market close. The company will host a conference call and live webcast at 10 a.m. ET on Friday, May 6, 2022 to discuss these results. Investors may listen to the conference call by dialing 1-888-347-1165 for U.S/Canada and 1-412-317-6011 for international callers. Participants should ask to be joined into the CatchMark call. Access to the live webcast is also available at www.catchmark.com or here. A replay of th
ATLANTA, March 2, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) announced today that Brian M. Davis, Chief Executive Officer, will be presenting at Citi's 2022 Global Property CEO Conference on Tuesday, March 8, 2022 at 9:00 am ET. The presentation will be available via the Investor Relations section of CatchMark's website at www.catchmark.com. About CatchMarkCatchMark (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 manageme
ATLANTA, Feb. 10, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) today reported fourth quarter and full-year 2021 results. The company also declared a cash dividend of $0.075 per share for its common stockholders of record as of February 28, 2022, payable on March 15, 2022. Brian M. Davis, CatchMark's Chief Executive Officer, said: "CatchMark exceeded our 2021 guidance for net income and met our 2021 guidance for Adjusted EBITDA, continuing our long track record of achieving timber sales prices substantially above market averages, while maintaining the highest pr
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
Raymond James downgraded CatchMark Timber Trust from Outperform to Underperform
Raymond James downgraded CatchMark Timber Trust from Outperform to Underperform
Citigroup downgraded CatchMark Timber Trust from Buy to Neutral
Raymond James reiterated coverage of CatchMark Timber Trust with a rating of Outperform and set a new price target of $13.50 from $11.50 previously
Citigroup reiterated coverage of CatchMark Timber Trust with a rating of Buy and set a new price target of $13.50 from $13.00 previously
Robert W. Baird resumed coverage of CatchMark Timber Trust with a rating of Hold
B. Riley reiterated coverage of CatchMark Timber Trust with a rating of Buy and set a new price target of $12.50 from $11.00 previously
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425 - CatchMark Timber Trust, Inc. (0001341141) (Filed by)
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
Combined Company Will Have Approximately 2.2 Million Acres of Diversified High-Quality Timberlands Will Remain the Timber REIT with the Most Leverage to Lumber Prices Creates Opportunities to Leverage Attractive Real Estate Portfolio Compelling Synergies Expected to Drive Approximately $16 Million Increase in Pro Forma Cash Available for Distribution by End of First Year Transaction Expected to Close in Second Half of 2022 Companies to Host Conference Call and Webcast Today at 5:30 a.m. Pacific Time / 8:30 a.m. Eastern Time PotlatchDeltic Corporation (NASDAQ:PCH) ("PotlatchDeltic") and CatchMark Timber Trust, Inc. (NYSE:CTT) ("CatchMark") today announced that they have entered into a
ATLANTA, April 8, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) will release its first quarter 2022 earnings on Thursday, May 5, 2022, following the market close. The company will host a conference call and live webcast at 10 a.m. ET on Friday, May 6, 2022 to discuss these results. Investors may listen to the conference call by dialing 1-888-347-1165 for U.S/Canada and 1-412-317-6011 for international callers. Participants should ask to be joined into the CatchMark call. Access to the live webcast is also available at www.catchmark.com or here. A replay of th
ATLANTA, Feb. 10, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) today reported fourth quarter and full-year 2021 results. The company also declared a cash dividend of $0.075 per share for its common stockholders of record as of February 28, 2022, payable on March 15, 2022. Brian M. Davis, CatchMark's Chief Executive Officer, said: "CatchMark exceeded our 2021 guidance for net income and met our 2021 guidance for Adjusted EBITDA, continuing our long track record of achieving timber sales prices substantially above market averages, while maintaining the highest pr
ATLANTA, Jan. 18, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) announced today the tax treatment of dividend distributions made in 2021 on the company's common stock. In 2021, CatchMark paid a total of $0.48 per share in cash dividends. The following table summarizes the income tax treatment of the company's 2021 dividends. 2021 Dividend Tax Reporting Information (Form 1099-DIV) Record Date Payment Date Cash Distribution Per Share Capital Gain Distribution Per Share Non-dividend Distribution Per Share(Return of Capital) 02/26/2021 03/15/2021 $0.135 $0.00 $0.13
ATLANTA, Jan. 13, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) will release its fourth quarter 2021 earnings on Thursday, February 10, 2022, following the market close. The company will host a conference call and live webcast at 10 a.m. ET on Friday, February 11, 2022 to discuss these results. Investors may listen to the conference call by dialing 1-888-347-1165 for U.S/Canada and 1-412-902-4276 for international callers. Participants should ask to be joined into the CatchMark call. Access to the live webcast is also available at www.catchmark.com or here. A re
NEW YORK, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2021. This quarter, there are constituent changes within five of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX), the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY) and
ATLANTA, Nov. 4, 2021 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE:CTT) today reported third quarter 2021 results. Brian M. Davis, CatchMark's President and CEO, said: "CatchMark expects to exceed full-year 2021 net income guidance and is on track to generate Adjusted EBITDA at the top-end of full-year guidance. Once again, we achieved solid quarterly operating results highlighted by significantly higher year-over-year timber sales pricing for both pulpwood and sawtimber, which continues to hold premiums over market averages in our premier U.S. South timberland markets.
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)
Companies Reporting Before The Bell • Toyota Motor (NYSE:TM) is projected to report earnings for its first quarter. • Myriad Genetics (NASDAQ:MYGN) is expected to report quarterly earnings at $0.01 per share on revenue of $171.00 million. • Karyopharm Therapeutics (NASDAQ:KPTI) is expected to report quarterly loss at $0.63 per share on revenue of $35.59 million. • Lifetime Brands (NASDAQ:LCUT) is expected to report quarterly earnings at $0.05 per share on revenue of $182.55 million. • Pieris Pharmaceuticals (NASDAQ:PIRS) is estimated to report quarterly loss at $0.11 per share on revenue of $10.47 million. • Passage Bio (NASDAQ:PASG) is estimated to report earnings for its second qu
The Meaning Behind 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: Forestar Group (NYSE:FOR) - P/E: 5.13 Marcus & Millichap (NYSE:MMI) - P/E: 9.31 Arbor Realty Trust (NYSE:ABR) - P/E: 6.49 SL Green Realty (NYSE:SLG) - P/E: 7.02 CatchMark Timber Trust (NYSE:CTT) - P/E: 8
Upgrades According to Oppenheimer, the prior rating for SolarEdge Technologies Inc (NASDAQ:SEDG) was changed from Perform to Outperform. For the first quarter, SolarEdge Technologies had an EPS of $1.20, compared to year-ago quarter EPS of $0.98. At the moment, the stock has a 52-week-high of $389.71 and a 52-week-low of $200.86. SolarEdge Technologies closed at $272.48 at the end of the last trading period. Oppenheimer upgraded the previous rating for Wolfspeed Inc (NYSE:WOLF) from Perform to Outperform. In the third quarter, Wolfspeed showed an EPS of $0.12, compared to $0.22 from the year-ago quarter. At the moment, the stock has a 52-week-high of $142.33 and a 52-week-low of $63.4
Baird analyst David Rodgers downgrades CatchMark Timber Trust (NYSE:CTT) from Outperform to Neutral and raises the price target from $10 to $12.
Upgrades Citigroup upgraded the previous rating for FinVolution Group (NYSE:FINV) from Neutral to Buy. FinVolution Gr earned $0.30 in the first quarter, compared to $0.31 in the year-ago quarter. The stock has a 52-week-high of $10.41 and a 52-week-low of $2.68. At the end of the last trading period, FinVolution Gr closed at $4.21. For Noble Corp (NYSE:NE), BTIG upgraded the previous rating of Neutral to Buy. At the moment, the stock has a 52-week-high of $37.77 and a 52-week-low of $20.34. Noble closed at $36.28 at the end of the last trading period. For Vertex Pharmaceuticals Inc (NASDAQ:VRTX), Maxim Group upgraded the previous rating of Hold to Buy. For the first quarter, Vertex Pha
Stifel analyst Simon Yarmak downgrades CatchMark Timber Trust (NYSE:CTT) from Buy to Hold and raises the price target from $10 to $12.
Gainers TherapeuticsMD, Inc. (NASDAQ:TXMD) shares climbed 364% to close at $9.93 on Tuesday after the company announced it has entered into a definitive merger agreement to be acquired by an affiliate of EW Healthcare Partners. JanOne Inc. (NASDAQ:JAN) gained 66.5% to close at $3.73 after the company announced it sold GeoTraq to SPYR Technologies in a $13.5 million transaction. Mullen Automotive, Inc. (NASDAQ:MULN) jumped 44.9% to settle at $1.40 after the company announced results of its solid-state polymer battery testing with the Battery Innovation Center in Indiana. Studio City International Holdings Limited (NASDAQ:MSC) gained 43.3% to close at $3.21. CatchMark Timber Trust, Inc.