StockNews.com Begins Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

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

Creative Media & Community Trust Co. Trading Up 2.5 %

CMCT opened at $0.30 on Friday. Creative Media & Community Trust Co. has a 52 week low of $0.21 and a 52 week high of $4.40. The business has a fifty day simple moving average of $0.44 and a 200-day simple moving average of $1.70. The firm has a market cap of $25.76 million, a P/E ratio of -0.10 and a beta of 0.45. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The firm had revenue of $28.62 million during the quarter. During the same quarter last year, the company earned ($0.30) earnings per share. On average, equities analysts expect that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 53.84%. 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.

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. in the third quarter valued at $29,000. EWG Elevate Inc. acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $39,000. Calton & Associates Inc. acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $47,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $50,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

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.