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

StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report published on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Performance

Shares of CMCT opened at $1.99 on Thursday. The company has a market cap of $45.24 million, a price-to-earnings ratio of -0.60 and a beta of 0.58. The stock has a fifty day moving average price of $2.14 and a two-hundred day moving average price of $2.88. Creative Media & Community Trust Co. has a 52-week low of $1.88 and a 52-week high of $4.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The company had revenue of $34.44 million for the quarter, compared to analyst estimates of $33.12 million. During the same quarter last year, the business posted ($0.17) EPS. As a group, research analysts predict that Creative Media & Community Trust Co. will post -0.93 EPS for the current fiscal year.

Creative Media & Community Trust Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 17.13%. The ex-dividend date of this dividend was Monday, July 8th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -10.24%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in shares of Creative Media & Community Trust Co. in the 4th quarter valued at about $70,000. Dimensional Fund Advisors LP boosted its stake in Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 7,863 shares during the last quarter. Presima Securities ULC acquired a new stake in Creative Media & Community Trust Co. during the 4th quarter worth $258,000. Finally, Pale Fire Capital SE raised its position in shares of Creative Media & Community Trust Co. by 136.4% during the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after acquiring an additional 251,276 shares during the last quarter. 28.34% of the stock is currently owned by institutional investors.

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.