Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated at StockNews.com

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

Creative Media & Community Trust Co. Stock Performance

Shares of CMCT opened at $0.24 on Friday. 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 of $0.60 and a two-hundred day moving average of $1.79. The stock has a market cap of $20.86 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.

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 firm had revenue of $28.62 million during the quarter. During the same period in the previous year, the business earned ($0.30) earnings per share. As a group, research analysts predict 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 issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 66.50%. The ex-dividend date of this dividend was Wednesday, September 25th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -5.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC acquired a new stake in Creative Media & Community Trust Co. during the third quarter worth about $1,397,000. Arkadios Wealth Advisors purchased a new stake in Creative Media & Community Trust Co. during the third quarter worth $548,000. PFG Investments LLC acquired a new stake in Creative Media & Community Trust Co. during the third quarter valued at $266,000. Sequoia Financial Advisors LLC purchased a new position in Creative Media & Community Trust Co. in the third quarter valued at $65,000. Finally, Carnegie Investment Counsel acquired a new position in shares of Creative Media & Community Trust Co. in 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.