Creative Media & Community Trust Co. (NASDAQ:CMCT) Sees Significant Growth in Short Interest

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 140,800 shares, an increase of 149.6% from the September 15th total of 56,400 shares. Based on an average trading volume of 243,300 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Creative Media & Community Trust Co. in a research report on Sunday, October 6th. They issued a “sell” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. EWG Elevate Inc. bought a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth approximately $37,000. Carnegie Investment Counsel bought a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $50,000. Finally, Dimensional Fund Advisors LP increased its stake in 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 buying an additional 7,863 shares during the period. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock opened at $0.60 on Friday. Creative Media & Community Trust Co. has a 52-week low of $0.42 and a 52-week high of $4.40. The firm’s fifty day moving average is $1.64 and its 200 day moving average is $2.53. The company has a market cap of $13.67 million, a price-to-earnings ratio of -0.18 and a beta of 0.55.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The company had revenue of $34.44 million during the quarter, compared to the consensus estimate of $33.12 million. During the same period in the prior year, the company posted ($0.17) EPS. On average, equities research analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 25th were given a $0.04 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a yield of 26.67%. Creative Media & Community Trust Co.’s dividend payout ratio is presently -4.82%.

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.