Today, a Director at CatchMark Timber (CTT), Henry Zigtema, bought shares of CTT for $39.85K.
Following this transaction Henry Zigtema’s holding in the company was increased by 22.21% to a total of $208.6K. In addition to Henry Zigtema, 8 other CTT executives reported Buy trades in the last month.
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Based on CatchMark Timber’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $24.58 million and GAAP net loss of $78.9 million. In comparison, last year the company earned revenue of $18.61 million and had a GAAP net loss of $4.04 million. Currently, CatchMark Timber has an average volume of 266.1K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $12.13, reflecting a 59.4% upside. Three different firms, including B.Riley FBR and Raymond James, currently also have a Buy rating on the stock.
The insider sentiment on CatchMark Timber has been positive according to 37 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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CatchMark Timber Trust, Inc. engages in the ownership, management, acquisition, and disposition of timberlands. It primarily engages in the ownership, management, acquisition and disposition of timberland properties located in the United States. The company was founded on September 27, 2005 and is headquartered in Atlanta, GA.
