Creative Media & Community Trust Co. (NASDAQ:CMCT) Announces Earnings Results

Creative Media & Community Trust Co. (NASDAQ:CMCT) posted its earnings results on Friday. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86), Zacks reports. The firm had revenue of $28.62 million during the quarter. During the same quarter last year, the firm earned ($0.30) earnings per share.

Creative Media & Community Trust Co. Stock Down 3.9 %

CMCT traded down $0.01 during trading on Monday, reaching $0.36. The stock had a trading volume of 309,814 shares, compared to its average volume of 136,176. The stock has a 50 day moving average of $1.00 and a two-hundred day moving average of $2.04. The firm has a market capitalization of $8.45 million, a price-to-earnings ratio of -0.13 and a beta of 0.56. Creative Media & Community Trust Co. has a 1-year low of $0.36 and a 1-year high of $4.40.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 25th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 44.04%. Creative Media & Community Trust Co.’s dividend payout ratio is presently -5.56%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Creative Media & Community Trust Co. in a research report on Thursday. They set a “sell” rating for the company.

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.