PFG Investments LLC Invests $266,000 in Creative Media & Community Trust Co. (NASDAQ:CMCT)

PFG Investments LLC purchased a new stake in Creative Media & Community Trust Co. (NASDAQ:CMCT) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 540,526 shares of the real estate investment trust’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCT. International Assets Investment Management LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at $29,000. Dimensional Fund Advisors LP raised 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 worth $175,000 after purchasing an additional 7,863 shares during the last quarter. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at about $37,000. Calton & Associates Inc. acquired a new stake in Creative Media & Community Trust Co. in the 3rd quarter worth about $47,000. Finally, Carnegie Investment Counsel purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Stock Down 4.2 %

Creative Media & Community Trust Co. stock opened at $0.48 on Thursday. Creative Media & Community Trust Co. has a 52-week low of $0.42 and a 52-week high of $4.40. The firm has a market capitalization of $11.03 million, a price-to-earnings ratio of -0.15 and a beta of 0.55. The company has a fifty day simple moving average of $1.23 and a 200-day simple moving average of $2.20.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million for the quarter, compared to analysts’ expectations of $33.12 million. During the same quarter in the previous year, the firm earned ($0.17) EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were given a $0.04 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 33.05%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -4.82%.

Analyst Upgrades and Downgrades

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

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.