Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note released on Thursday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ CMCT opened at $0.38 on Thursday. Creative Media & Community Trust Co. has a 1-year low of $0.36 and a 1-year high of $4.40. The business has a fifty day moving average price of $1.00 and a 200 day moving average price of $2.05. The stock has a market capitalization of $8.79 million, a P/E ratio of -0.13 and a beta of 0.56.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The business had revenue of $34.44 million for the quarter, compared to analyst estimates of $33.12 million. During the same period last year, the firm posted ($0.17) earnings per share. As a group, equities research analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Creative Media & Community Trust Co. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 25th were paid a $0.04 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 annualized dividend and a yield of 42.33%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is -5.56%.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $29,000. Dimensional Fund Advisors LP raised its stake in Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 7,863 shares during the last quarter. EWG Elevate Inc. acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth about $37,000. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $39,000. Finally, Calton & Associates Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $47,000. 28.34% of the stock is owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.