The President & CEO of CatchMark Timber (CTT) is Buying Shares

Today, the President & CEO of CatchMark Timber (CTT), Jerry Barag, bought shares of CTT for $4,835.

In addition to Jerry Barag, one other CTT executive 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 579.3K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $13.50, reflecting a 43.6% upside. Starting in May 2018, CTT received 15 Buy ratings in a row. Three different firms, including RBC Capital and Raymond James, currently also have a Buy rating on the stock.

The insider sentiment on CatchMark Timber has been positive according to 28 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.