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

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

Creative Media & Community Trust Co. Stock Down 9.2 %

Shares of CMCT traded down $0.03 on Friday, reaching $0.28. The company’s stock had a trading volume of 439,576 shares, compared to its average volume of 149,267. The stock has a market capitalization of $6.46 million, a PE ratio of -0.10 and a beta of 0.56. The company has a current ratio of 2.71, a quick ratio of 3.49 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a twelve month low of $0.28 and a twelve month high of $4.40. The firm has a fifty day moving average of $0.84 and a 200-day moving average of $1.95.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The company had revenue of $28.62 million during the quarter. During the same quarter in the previous year, the business earned ($0.30) EPS. Equities analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Creative Media & Community Trust Co. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 25th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 57.55%. The ex-dividend date was Wednesday, September 25th. Creative Media & Community Trust Co.’s payout ratio is -5.56%.

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

Hedge funds have recently modified their holdings of the company. Cerity Partners LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $1,397,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Co. during the third quarter valued at about $548,000. PFG Investments LLC bought a new position in Creative Media & Community Trust Co. during the third quarter valued at about $266,000. Sequoia Financial Advisors LLC purchased a new stake in Creative Media & Community Trust Co. during the third quarter worth about $65,000. Finally, Carnegie Investment Counsel bought a new stake in Creative Media & Community Trust Co. in the third quarter worth about $50,000. Institutional investors own 28.34% of the company’s stock.

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.