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 sent to investors on Monday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ CMCT opened at $4.15 on Monday. Creative Media & Community Trust Co. has a twelve month low of $3.89 and a twelve month high of $6.95. The firm has a fifty day simple moving average of $4.43 and a 200 day simple moving average of $4.60. The company has a market capitalization of $94.57 million, a PE ratio of -1.66 and a beta of 0.49. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 48.70.

Creative Media & Community Trust Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 8.19%. The ex-dividend date was Friday, July 7th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -13.60%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. bought a new stake in Creative Media & Community Trust Co. in the first quarter valued at $78,000. Ergoteles LLC acquired a new position in shares of Creative Media & Community Trust Co. during the first quarter valued at about $99,000. Jane Street Group LLC acquired a new position in shares of Creative Media & Community Trust Co. during the first quarter valued at about $99,000. Covestor Ltd acquired a new position in shares of Creative Media & Community Trust Co. during the first quarter valued at about $103,000. Finally, Renaissance Technologies LLC boosted its holdings in Creative Media & Community Trust Co. by 144.3% during the first quarter. Renaissance Technologies LLC now owns 29,800 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 17,600 shares during the last quarter. 73.10% of the stock is owned by institutional investors.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation is a real estate investment trust (REIT) that principally acquires, owns, and operates Class A and creative office investments located in vibrant and improving metropolitan communities throughout the U.S. Properties are primarily located in Los Angeles and the San Francisco Bay Area.