CatchMark Timber Trust, Inc. (NYSE:CTT) Updates On Dividend Release Date


On 2016-08-09, CatchMark Timber Trust, Inc. (NYSE:CTT) confirmed the dividend disbursement of $0.135 a share to shareholders as on record 2016-08-30. The firm will release dividend on 2016-09-16 while ex-dividend date is reported to be 2016-08-26.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, CatchMark Timber Trust, Inc. (NYSE:CTT) paid a total of $0.135 per share in dividends. This figure stood at $0.135 a share in the same period a year ago indicating a deviation of 6.383%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $12.666 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $13 and $12, respectively.

Taking the mathematical rating formula, the price for CatchMark Timber Trust, Inc. (NYSE:CTT) stands at 1.33. Earnings Review CatchMark Timber Trust, Inc. (NYSE:CTT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-07. For the period ending on 2016-09-30, experts are expecting EPS of $-0.1.

Coming to the quarter ending on 2015-12-31, CatchMark Timber Trust, Inc. (NYSE:CTT) recorded EPS of $-0.07. The reported numbers came lower than the analysts’ estimates of $-0.08, demonstrating a miss of $0.01 as against reported figures.

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