Calton & Associates Inc. Makes New $47,000 Investment in Creative Media & Community Trust Co. (NASDAQ:CMCT)

Calton & Associates Inc. bought a new stake in shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 96,098 shares of the real estate investment trust’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCT. Carnegie Investment Counsel purchased a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $50,000. EWG Elevate Inc. purchased a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $37,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Creative Media & Community Trust Co. by 13.7% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Analysts Set New Price Targets

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

Creative Media & Community Trust Co. Stock Performance

NASDAQ CMCT opened at $0.50 on Thursday. The business has a fifty day moving average price of $1.39 and a 200 day moving average price of $2.31. Creative Media & Community Trust Co. has a one year low of $0.42 and a one year high of $4.40. The company has a market cap of $11.61 million, a P/E ratio of -0.19 and a beta of 0.55.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings data 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 company had revenue of $34.44 million during the quarter, compared to analysts’ expectations of $33.12 million. During the same period in the prior year, the company posted ($0.17) earnings per share. As a group, sell-side analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Creative Media & Community Trust Co. Cuts Dividend

The business 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 32.03%. The ex-dividend date was Wednesday, September 25th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -6.05%.

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.