|Bid||11.96 x 900|
|Ask||12.36 x 800|
|Day's Range||11.94 - 12.18|
|52 Week Range||7.92 - 12.78|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.54 (4.50%)|
|Ex-Dividend Date||May 27, 2021|
|1y Target Est||N/A|
CatchMark (CTT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
The demand has shown no sign of ebbing and trees take time to grow, so the supply side will keep lumber costs high for a while. On top of that, the rise in lumber costs may likely rise because the U.S. Commerce Department last week said it would like to increase tariffs on Canadian lumber from 9% to 18.32%. PotlatchDeltic just raised its dividend in December by 2.5% to $0.41 per share.
CatchMark (CTT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).