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 issued on Saturday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Down 9.1 %

Shares of CMCT opened at $0.22 on Friday. The company has a market capitalization of $19.46 million, a P/E ratio of -0.08 and a beta of 0.56. Creative Media & Community Trust Co. has a one year low of $0.21 and a one year high of $4.40. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a 50-day moving average price of $0.67 and a 200 day moving average price of $1.85.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data 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 quarter in the previous year, the company earned ($0.30) EPS. Sell-side analysts forecast that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Creative Media & Community Trust Co. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 71.27%. The ex-dividend date of this dividend was Wednesday, September 25th. Creative Media & Community Trust Co.’s payout ratio is currently -5.56%.

Institutional Trading of Creative Media & Community Trust Co.

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. during the third quarter valued at approximately $29,000. EWG Elevate Inc. acquired a new stake in Creative Media & Community Trust Co. during the third quarter valued at approximately $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth approximately $39,000. Calton & Associates Inc. acquired a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth approximately $47,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 28.34% of the company’s 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.