CTT - CatchMark Timber Trust, Inc.
10.12 0.00 (0.00%)
After hours: 4:17PM EST
| Previous Close | 10.45 |
| Open | 10.47 |
| Bid | 9.84 x 800 |
| Ask | 10.72 x 1000 |
| Day's Range | 10.08 - 10.50 |
| 52 Week Range | 9.22 - 12.54 |
| Volume | 205,649 |
| Avg. Volume | 184,991 |
| Market Cap | 495.961M |
| Beta (5Y Monthly) | 1.30 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.90 |
| Earnings Date | Feb 13, 2020 |
| Forward Dividend & Yield | 0.54 (5.17%) |
| Ex-Dividend Date | Feb 26, 2020 |
| 1y Target Est | 12.50 |
- Thomson Reuters StreetEvents
Edited Transcript of CTT earnings conference call or presentation 14-Feb-20 3:00pm GMT
Q4 2019 CatchMark Timber Trust Inc Earnings Call
- InvestorPlace
7 Small Cap Stocks That Pack a Wallop
You've probably seeing a bunch of stories lately about how the stock market rally has become too narrow. What's that mean? Simply put, a few mega-cap tech stocks are responsible for most of the market's gains lately. If you own the huge tech names, it's been great recently. But much of the market, and especially small stocks, has been left behind.Some investors have decided to stop fighting the wave. No price is too high for something like Apple (NASDAQ:AAPL), apparently, as long as the momentum keeps going. Even an earnings warning could hardly keep Apple down.At some point, though, the situation will flip. As a result, some investors are booking gains on their highly successful tech positions, and are rotating into other stocks that haven't had huge rallies yet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHistorically, small capitalization stocks have outperformed the broad market over the years. And after a disappointing 2019, they may be ready to punch above their weight in 2020. Consider that the new coronavirus from China is having a disproportionate impact on Chinese companies, and American multinationals with a large presence in Asia. Meanwhile, smaller American firms are much less sensitive to the problems. * 7 Failing Tech Stocks to Disconnect From Now As such, this could be a great time to move some money out of overpriced high-fliers and pick up some small stocks while they're still cheap. Global Water Resources (GWRS)Source: Shutterstock If you're thinking of exciting small-cap stocks, a utility probably wouldn't be your first choice. But don't be so quick to count out Global Water Resources (NASDAQ:GWRS). The $300 million market capitalization Arizona water utility is a fascinating company.Right now, it's fairly modest, as it serves only about 50,000 water taps. These are primarily in the Phoenix suburb of Maricopa. However, it, like Phoenix, is booming. Its customer base has nearly doubled since the Great Financial Crisis. Arizona is one of the fastest-growing states in the U.S., and Global Water Resources has focused its M&A activity on the fast-growing towns within the Phoenix metro area.More growth will be on the way. The Nikola Motor Company announced plans to build a 1 million square foot facility to manufacture hydrogen vehicles at a newly-established Arizona inland port. Global Water will be handling the water logistics. The federal government also just showered the new inland port with $39 million in subsidies. This ensures that Global Water's new project will obtain more paying utility customers quickly. It should lead to more new housing communities in its service area as well.People have been recommending homebuilder stocks as a way to play the recovery of housing and the rising trend of millenials finally buying homes. And that's a fine idea. But it's one that comes with significant risk if the economy goes south. Global Water, by contrast, gives access to one of the nation's hottest (literally and figuratively) housing markets without the downside risk if prices stall out again. People will keep using their water regardless of what the economy does, after all.As an added kicker, Global Water pays a monthly dividend of 2.4 cents per share, which amounts to 2.1% annually. They also tend to hike the dividend annually. So if you've been looking for another monthly-payer dividend stock for your portfolio, give Global Water a look. Catchmark Timber (CTT)One nice thing about small-cap stocks is that you can get exposure to different types of assets. Many of these fly under the radar. Like Arizona water utilities, such as we just discussed. Or how about a pure-player timber holding company, in the form of Catchmark Timber (NYSE:CTT)? Yes, there are other timber REITs that are publicly-traded, but they invest in manufacturing and processing their wood products.Catchmark, by contrast, only deals in owning timberlands directly. This makes the company a major inflation hedge, as you get pure commodity exposure to U.S. (primary southeastern) land holdings and, obviously, the price of timber going forward. While there will be plenty of bumps along the way for both, over time, like inflation, these should head solidly higher. * 7 Failing Tech Stocks to Disconnect From Now Why pick up Catchmark stock now? Shares have been relatively quiet for the last few years. This has left shares at a fair price now, with the timber player offering a 4.9% dividend yield. That's a healthy dose of income from a stock that also serves as a robust inflation hedge for your portfolio. New York Community Bancorp (NYCB)Source: Shutterstock If you like small stocks with big dividends, this next one packs an even bigger punch than Catchmark. New York Community Bancorp (NYSE:NYCB) offers a well-covered 6.1% dividend yield from its low-risk New York metro-area multi-family lending business. And, in fact, the bank just announced a fantastic quarter, and yet the share price actually dropped a few percent.For years, the bank has been dogged by critics. They've complained about the bank's falling profit margins, lack of growth, and a stale business model. That's all changed for the better in recent months. For one, the government eased federal banking regulations, allowing NYCB to grow beyond the old $50 billion asset cap. This, for the first time since the financial crisis, will let New York Community Bancorp expand its balance sheet normally again.On top of that, New York Community Bancorp has a sort of counter-cyclical loan book that didn't benefit from higher interest rates immediately. Now, however, while other banks are seeing their margins plummet with Fed rate cuts, NYCB's margins and EPS have just kicked into solidly positive territory. Even after delivering a fantastic quarter, critics have moved on to complaining about the bank's exposure to New York City apartments. Local government there just changed rent control laws, and this has had a negative effect on local prices.No matter though, NYCB lends less than 60% of the value of these properties so even a significant dip in housing prices won't cause the bank losses. NYCB was one of the safest banks in the country in the 2008 crisis, and experienced essentially zero lending losses even then. It's time to take advantage of the market's inappropriate reaction to NYCB's excellent earnings. The stock already yields 6.1%, and with earnings kicking into growth mode again, look for more share buybacks or a dividend hike in coming quarters. It also trades at just 13x earnings and is a buyout target as the CEO advances in age and may look for an exit strategy. The ONE Group Hospitality (STKS)Source: Shutterstock The ONE Group Hospitality (NASDAQ:STKS) is a small restaurant operator primarily known for its STK steakhouses. These are a high-end concept, with the 14 ounce Dry-Aged Delmonico going for $74 at its Walt Disney World location, to give one example. Despite that, remarkably enough, STK historically had struggled to generate high enough profit margins at its restaurants.However, things have turned around since new CEO Manny Hilario took over the reins at the end of 2017. STK has started reporting fantastic same store sales growth (high single digits) while at the same time bringing down overhead costs. The ONE Group's stock price has tripled under Hilario's watch.And now he'll get a shot at repeating his success. That's because The ONE Group just acquired 24 Kona Grill restaurant locations out of bankruptcy. That company had infamously free-spending leadership and a muddled menu and corporate identity in recent years. Remarkably, Kona Grill had a market capitalization of $300 million as recently as 2015. Now, The ONE Group grabbed the best two dozen Kona Grill locations for just $36 million. That's sizable discount to the cost of merely building the restaurants, let alone establishing the brand. * 7 Failing Tech Stocks to Disconnect From Now STKS stock is up from $1.50 to $4.50 in recent years under the new CEO's excellent leadership. If he can help resuscitate Kona Grill, who knows how much higher the stock could go. Rocky Mountain Chocolate Factory (RMCF)Source: JHVEPhoto / Shutterstock.com Given all the attention on edibles lately, you would be forgiven for assuming that a Colorado packaged foods company had something to do with the cannabis market. But, at least for now, Rocky Mountain Chocolate Factory (NASDAQ:RMCF) instead sells premium chocolates at more than 300 stores including many co-branded Cold Stone Creamery locations. It also has a frozen yogurt brand, U-Swirl.The company's chocolate is indeed premium, bringing in an average retail price of more than $23 per pound. If you're familiar with Warren Buffett's history, he often cites his investment in See's Candies as one of his finest investments. It's repaid its original purchase price many times over by now. That's because the economics of chocolate are simply fantastic. You get massive profit margins.Rocky Mountain Chocolate Factory shares in that bounty with shareholders, paying a 6% dividend yield. Alas, due to strategic missteps, such as errors with the yogurt brand, the company's profits and share price have struggled in recent years. However, an activist has come in to shake the company up and new people have joined the board. Further to that point, the company has just launched a major partnership with Edible Arrangements to sell its chocolates at more than 1,000 Edible Arrangements stores. This should boost utilization at Rocky Mountain's Colorado factory and get profits on the upswing again. OrthoPediatrics (KIDS)Source: Shutterstock This last pick is a bit more speculative than some of the others on the list, as it isn't quite profitable yet. But it's growing at a fast clip and is going after a market niche - medical devices for children - that has historically had great economics.OrthoPediatrics (NASDAQ:KIDS) offers a two-dozen product line that covers trauma and deformity, scoliosis, and sports medicine related issues for children. Shares have already tripled since the 2017 initial public offering, and it's not hard to see why. The company has been delivering steady 25%+ annual revenue growth, and they recently turned positive on an EBITDA basis, though they are still reporting EPS losses.With a medical device company like this, however, so much of the cost base is in marketing and overhead. Oftentimes, these companies will sell for huge multiples to larger medical device companies. Those companies can, in turn, immediately earn huge synergies. They do this by cutting duplicate costs and distributing the products through their far larger distribution channels. * 7 Failing Tech Stocks to Disconnect From Now As long as OrthoPediatrics continues putting up strong revenue growth and scoring FDA approval for new products, as it did on multiple occasions in 2019, the stock price should continue to soar. Empire State Realty (ESRT)Source: Shutterstock.com Saving the biggest of the small companies for last, we have one of the world's largest buildings. That's right. Did you know you could own a piece of the Empire State Building? The Empire State Realty Trust (NYSE:ESRT) owns the Empire State Building along with a portfolio of other office buildings in the New York City metro area.Shares have dropped from $20 to $14 in recent years. This has been for several reasons. For one, there's currently a weak office market in New York City. The "retail apocalypse" has also caused more storefront vacancies in Manhattan, where Empire State has a large presence; its buildings have retail on the ground level. Finally, the trade war - and now coronavirus - are lowering the inflow of tourists to New York. Those are tourists, who, in turn, drop tons of money at the Empire State Building Observatory and related attractions.That Observatory is a key element of the bull thesis. Its revenues have been growing for 10% a year over the past two decades. That's even despite the 9/11 attacks, the Financial Crisis, and other setbacks. With the rise of Instagram (NASDAQ:FB) culture and experiences, top-notch tourist attractions like the Empire State Building are one-of-a-kind properties and will enjoy rising values in coming years as investors seek to find trophy assets. With shares down 30% in recent years, this apple is ripe for the picking.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. At the time of this writing, he owned CTT, ESRT, NYCB, GWRS, and FB stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post 7 Small Cap Stocks That Pack a Wallop appeared first on InvestorPlace.
- Zacks
Will CatchMark (CTT) Report Negative Earnings Next Week? What You Should Know
CatchMark (CTT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- PR Newswire
CatchMark Scheduled to Release Fourth Quarter 2019 Earnings on February 13, 2020
CatchMark Timber Trust, Inc. (NYSE: CTT) will release its fourth quarter 2019 earnings on Thursday, February 13, 2020, following the market close. The company will host a conference call and live webcast at 10 a.m. ET on Friday, February 14, 2020 to discuss these results.
- PR Newswire
CatchMark Announces Tax Treatment of 2019 Dividend Distributions
CatchMark Timber Trust, Inc. (NYSE:CTT) announced today the tax treatment of dividend distributions made in 2019 on the company's common stock. In 2019, CatchMark paid a total of $0.54 per share in cash dividends.
- American City Business Journals
Atlanta REIT executes C-Suite succession plan following CEO's retirement
The C-Suite succession plan for Atlanta's only public timber REIT is complete. CatchMark Timber Trust, Inc. (NYSE: CTT) said Tuesday it promoted Brian M. Davis, previously president and chief financial officer, as the company's next CEO. Barag joined CatchMark in 2013 and spent six years in the CEO role.
- PR Newswire
CatchMark's Jerry Barag to Pass Reins to President and Chief Financial Officer Brian M. Davis as Next Chief Executive Officer
CatchMark Timber Trust, Inc. (NYSE: CTT) announced today that Brian M. Davis, previously President and Chief Financial Officer, will succeed Jerry Barag as the company's next Chief Executive Officer and join the company's Board of Directors, effective immediately. Following six successful years in his role, Mr. Barag made the personal decision to retire from the company to pursue other interests. He will be available to Mr. Davis and the Board in a consulting capacity as needed through April 20, 2020. Mr. Barag will also step down from the Board, effective immediately.
- Zacks
CatchMark Timber Enters Oversold Territory
CatchMark Timber has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
- Simply Wall St.
Should You Be Concerned About CatchMark Timber Trust, Inc.'s (NYSE:CTT) Historical Volatility?
If you're interested in CatchMark Timber Trust, Inc. (NYSE:CTT), then you might want to consider its beta (a measure...
- Insider Monkey
Hedge Funds Are Betting On Catchmark Timber Trust Inc (CTT)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
- Zacks
Top Ranked Income Stocks to Buy for December 6th
Top Ranked Income Stocks to Buy for December 6th
- Zacks
CatchMark (CTT) Upgraded to Buy: Here's What You Should Know
CatchMark (CTT) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Zacks
Top Ranked Income Stocks to Buy for November 22nd
Top Ranked Income Stocks to Buy for November 22nd
- Simply Wall St.
We Wouldn't Be Too Quick To Buy CatchMark Timber Trust, Inc. (NYSE:CTT) Before It Goes Ex-Dividend
It looks like CatchMark Timber Trust, Inc. (NYSE:CTT) is about to go ex-dividend in the next 2 days. If you purchase...
- Zacks
CatchMark (CTT) Is Up 7.49% in One Week: What You Should Know
Does CatchMark (CTT) have what it takes to be a top stock pick for momentum investors? Let's find out.
- Thomson Reuters StreetEvents
Edited Transcript of CTT earnings conference call or presentation 1-Nov-19 2:00pm GMT
Q3 2019 CatchMark Timber Trust Inc Earnings Call
- Simply Wall St.
Should You Worry About CatchMark Timber Trust, Inc.'s (NYSE:CTT) CEO Salary Level?
In 2013 Jerry Barag was appointed CEO of CatchMark Timber Trust, Inc. (NYSE:CTT). This report will, first, examine the...
- PR Newswire
CatchMark Reports Third Quarter 2019 Results, Declares Dividend
ATLANTA , Oct. 31, 2019 /PRNewswire/ -- Â Driven by higher harvest volumes, increased pulpwood pricing in the U.S. South and fees from its Investment Management business, CatchMark Timber Trust, Inc. (NYSE: ...
- Insider Monkey
Here’s What Hedge Funds Think About Catchmark Timber Trust Inc (CTT)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
- Zacks
CatchMark (CTT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
CatchMark (CTT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
Should You Take Comfort From Insider Transactions At CatchMark Timber Trust, Inc. (NYSE:CTT)?
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
- PR Newswire
CatchMark Scheduled to Release Third Quarter 2019 Earnings on October 31, 2019
ATLANTA , Oct. 7, 2019 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) will release its third quarter 2019 earnings on Thursday, October 31, 2019 , following the market close. The company will ...
- Simply Wall St.
Is It Too Late To Consider Buying CatchMark Timber Trust, Inc. (NYSE:CTT)?
CatchMark Timber Trust, Inc. (NYSE:CTT), which is in the reits business, and is based in United States, received a lot...
- Simply Wall St.
What Type Of Shareholder Owns CatchMark Timber Trust, Inc.'s (NYSE:CTT)?
If you want to know who really controls CatchMark Timber Trust, Inc. (NYSE:CTT), then you'll have to look at the...
- Thomson Reuters StreetEvents
Edited Transcript of CTT earnings conference call or presentation 2-Aug-19 2:00pm GMT
Q2 2019 CatchMark Timber Trust Inc Earnings Call
