Carnegie Investment Counsel Buys Shares of 101,719 Creative Media & Community Trust Co. (NASDAQ:CMCT)

Carnegie Investment Counsel bought a new stake in shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 101,719 shares of the real estate investment trust’s stock, valued at approximately $50,000. Carnegie Investment Counsel owned about 0.45% of Creative Media & Community Trust Co. at the end of the most recent quarter.

Separately, EWG Elevate Inc. purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $37,000. Institutional investors own 28.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a research note on Monday. They issued a “sell” rating on the stock.

Creative Media & Community Trust Co. Price Performance

CMCT stock opened at $0.56 on Wednesday. The company has a market cap of $12.76 million, a P/E ratio of -0.17 and a beta of 0.55. Creative Media & Community Trust Co. has a 1 year low of $0.42 and a 1 year high of $4.40. The stock’s fifty day moving average price is $1.58 and its 200-day moving average price is $2.45.

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

Creative Media & Community Trust Co. Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 25th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 annualized dividend and a yield of 28.57%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -4.82%.

About Creative Media & Community Trust Co.

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.