Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) declared a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Shareholders of record on Wednesday, September 25th will be given a dividend of 0.04 per share by the real estate investment trust on Tuesday, October 8th. This represents a $0.16 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date of this dividend is Wednesday, September 25th.
Creative Media & Community Trust Co. has a payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Creative Media & Community Trust Co. to earn ($1.39) per share next year, which means the company may not be able to cover its $0.34 annual dividend with an expected future payout ratio of -24.5%.
Creative Media & Community Trust Co. Trading Up 7.9 %
Shares of Creative Media & Community Trust Co. stock opened at $2.06 on Monday. Creative Media & Community Trust Co. has a twelve month low of $1.88 and a twelve month high of $4.61. The firm has a market capitalization of $46.94 million, a PE ratio of -0.62 and a beta of 0.58. The firm’s 50-day moving average price is $2.08 and its 200 day moving average price is $2.82.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Creative Media & Community Trust Co. in a report on Friday. They issued a “sell” rating for the company.
Read Our Latest Stock Analysis on CMCT
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.
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