CatchMark Timber Trust, Inc. CTT Stock

CatchMark Timber Trust, Inc. stock trades under the ticker CTT & has shown recent bullish behavior amid broader market volatility.

CTT stock closed at $10.39/share on 6/14/2022.

CatchMark Timber Trust, Inc. CTT Stock’s Technical Performance Broken Down

CatchMark Timber Trust, Inc. CTT Stock's Technical Performance Over The Last Year

CTT Stock: $10.39

10 Day Moving Average: $11.43

50 Day Moving Average: $8.88

200 Day Moving Average: $8.85

RSI: 55.53

MACD: 0.755

Yesterday, CTT stock completed a bearish MACD crossover, just 2 weeks after a bullish gap up brought them up ~42%.

Their last 5 days’ downward performance was heavily influenced by the broader market’s performance.

CTT stock’s RSI has returned from being overbought to neutral & they continue to trade on above average volume compared to the year prior.

They will need to retest & break above the $10.70, $10.80 & $10.93/share resistance levels as they try to climb back above $11/share in the near-term.

CatchMark Timber Trust, Inc. CTT Stock As A Long-Term Investment

Long-term oriented investors will like CTT stock’s valuation metrics, with a 6.16 P/E (ttm) & a 1.95 P/B (mrq).

They recently reported -3.1% Quarterly Revenue Growth Y-o-Y.

Their balance sheet reflects that they are a small cap stock, but should be further reviewed before investing, as they report having $30.35M of Total Cash (mrq) & $301M of Total Debt (mrq).

CTT stock pays a 2.91% dividend yield, which appears stable in the long-run, with a 32.81% payout ratio.

78.9% of CTT stock’s outstanding share float is owned by institutional investors.

CatchMark Timber Trust, Inc. CTT Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to profit from CTT stock’s price movements in any direction, while also protecting themselves from broader market volatility.

I am looking at the contracts with the 6/17 expiration date.

The $10, $7.50 & $5 calls are all in-the-money, with the latter 2 being much less liquid than the former strike price.

The $12.50 puts are the only strike that are currently in-the-money, and the $10 strike is ~4% lower, which it would need to fall within 2 days to become in-the-money.

Tying It All Together

CTT stock offers many interesting characteristics that traders & investors will find appealing.

Investors will like their valuation metrics, as well as their dividend yield, but will want to review their balance sheet closer before investing.

Traders will like their recent technical performance amid a volatile market, but may be disappointed by the low levels of open interest on their options contracts.

All-in-all, it is worth taking a closer look at CTT stock to see how it can fit into your portfolio strategy.


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