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 research note issued to investors on Saturday. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Up 4.5 %

Shares of NASDAQ CMCT opened at $0.23 on Friday. Creative Media & Community Trust Co. has a 12-month low of $0.21 and a 12-month high of $4.40. The company has a market cap of $20.33 million, a price-to-earnings 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. The stock’s 50 day simple moving average is $0.64 and its 200 day simple moving average is $1.81.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced 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 business had revenue of $28.62 million for the quarter. During the same period last year, the company earned ($0.30) EPS. Equities 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 25th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 68.23%. 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.

A number of hedge funds and other institutional investors have recently made changes to their positions in CMCT. Dimensional Fund Advisors LP lifted its holdings in shares of Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 7,863 shares during the period. EWG Elevate Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the third quarter worth $37,000. Carnegie Investment Counsel bought a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $50,000. Calton & Associates Inc. acquired a new position in Creative Media & Community Trust Co. during the third quarter worth $47,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $65,000. 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.