CatchMark Timber Trust with ticker code (CTT) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 12.25 and 11.5 with the average target price sitting at 11.94. With the stocks previous close at 10.52 this is indicating there is a potential upside of 13.5%. The 50 day MA is 10.75 and the 200 day moving average is 9.19. The company has a market cap of $511m. You can visit the company’s website by visiting: https://www.catchmark.com
The potential market cap would be $580m based on the market concensus.
As of September 14, 2022, CatchMark Timber Trust was acquired by PotlatchDeltic Corporation. 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.
