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

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

Creative Media & Community Trust Co. Trading Up 2.6 %

Shares of NASDAQ:CMCT opened at $0.24 on Friday. The company has a market capitalization of $20.86 million, a PE ratio of -0.08 and a beta of 0.56. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a 12-month low of $0.21 and a 12-month high of $4.40. The business’s fifty day simple moving average is $0.60 and its 200-day simple moving average is $1.79.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted 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 business had revenue of $28.62 million during the quarter. During the same period last year, the firm earned ($0.30) EPS. As a group, equities research analysts predict that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Creative Media & Community Trust Co. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 25th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a yield of 66.50%. Creative Media & Community Trust Co.’s payout ratio is -5.56%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $1,397,000. Arkadios Wealth Advisors acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth about $548,000. PFG Investments LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $266,000. Sequoia Financial Advisors LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at about $65,000. Finally, Carnegie Investment Counsel purchased a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $50,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

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.