Creative Media & Community Trust Co. (NASDAQ:CMCT) Earns Sell Rating from Analysts at StockNews.com

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

Creative Media & Community Trust Co. Trading Down 9.2 %

Shares of CMCT stock opened at $0.28 on Friday. Creative Media & Community Trust Co. has a 1 year low of $0.28 and a 1 year high of $4.40. The firm has a market capitalization of $24.10 million, a PE ratio of -0.10 and a beta of 0.56. The stock has a fifty day moving average of $0.84 and a two-hundred day moving average of $1.94. The company has a debt-to-equity ratio of 438.44, a quick ratio of 3.49 and a current ratio of 2.71.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The firm had revenue of $28.62 million for the quarter. During the same period last year, the company posted ($0.30) earnings per share. As a group, research analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Creative Media & Community Trust Co. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 annualized dividend and a dividend yield of 57.55%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is -5.56%.

Institutional Trading of Creative Media & Community Trust Co.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Creative Media & Community Trust Co. by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 7,863 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth about $29,000. EWG Elevate Inc. purchased a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $37,000. Stonebridge Financial Planning Group LLC acquired a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $39,000. Finally, Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth approximately $47,000. 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.