Creative Media & Community Trust Co. (CMCT) Scheduled to Post Earnings on Thursday

Creative Media & Community Trust Co. (NASDAQ:CMCT) will announce its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

Creative Media & Community Trust Co. Stock Performance

CMCT opened at $2.06 on Wednesday. The company has a market cap of $46.95 million, a PE ratio of -0.62 and a beta of 0.58. The stock has a 50-day moving average of $2.56 and a 200-day moving average of $3.16. Creative Media & Community Trust Co. has a 52-week low of $2.04 and a 52-week high of $4.87.

Creative Media & Community Trust Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were issued a $0.085 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.34 annualized dividend and a yield of 16.50%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -10.24%.

Wall Street Analysts Forecast Growth

CMCT has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. in a research report on Saturday. They issued a “sell” rating on the stock. B. Riley started coverage on shares of Creative Media & Community Trust Co. in a report on Thursday, April 11th. They issued a “neutral” rating and a $4.00 target price 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.