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

StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCTFree Report) in a research note issued to investors on Friday. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Down 3.5 %

NASDAQ:CMCT opened at $3.28 on Friday. The firm has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $3.96. Creative Media & Community Trust Co. has a twelve month low of $3.19 and a twelve month high of $5.80. The company has a market capitalization of $74.75 million, a P/E ratio of -1.09 and a beta of 0.48.

Creative Media & Community Trust Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.085 per share. The ex-dividend date was Friday, December 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 10.37%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -11.30%.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth about $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Creative Media & Community Trust Co. during the fourth quarter worth about $39,000. Jane Street Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth about $99,000. Ergoteles LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth about $99,000. Finally, Covestor Ltd purchased a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth about $103,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

About Creative Media & Community Trust Co.

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Creative Media & Community Trust Corporation (formerly known as CIM Commercial 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.

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