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 research note published on Sunday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Up 9.2 %

Shares of NASDAQ CMCT opened at $0.27 on Friday. The firm’s 50 day moving average price is $0.50 and its 200-day moving average price is $1.73. The company has a market cap of $23.24 million, a PE ratio of -0.09 and a beta of 0.56. Creative Media & Community Trust Co. has a 52-week low of $0.21 and a 52-week 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.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued 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 firm had revenue of $28.62 million for the quarter. During the same period in the prior year, the firm earned ($0.30) EPS. On average, equities research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.16 annualized dividend and a dividend yield of 59.68%. Creative Media & Community Trust Co.’s dividend payout ratio is presently -5.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $1,397,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $39,000. PFG Investments LLC purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $266,000. Arkadios Wealth Advisors purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $548,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $29,000. Institutional investors 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.