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

Creative Media & Community Trust Co. (NASDAQ:CMCT) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 73,900 shares, a decline of 47.5% from the September 30th total of 140,800 shares. Based on an average trading volume of 321,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $548,000. PFG Investments LLC purchased a new position in Creative Media & Community Trust Co. in the third quarter valued at approximately $266,000. Sequoia Financial Advisors LLC bought a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $65,000. Carnegie Investment Counsel bought a new position in Creative Media & Community Trust Co. during the third quarter worth about $50,000. Finally, Calton & Associates Inc. purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $47,000. Institutional investors own 28.34% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. in a report on Tuesday. They set a “sell” rating for the company.

Creative Media & Community Trust Co. Trading Down 1.5 %

Shares of NASDAQ CMCT traded down $0.01 during mid-day trading on Friday, reaching $0.46. 470,041 shares of the company’s stock were exchanged, compared to its average volume of 113,099. Creative Media & Community Trust Co. has a twelve month low of $0.42 and a twelve month high of $4.40. The business has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $2.28. The firm has a market capitalization of $10.70 million, a price-to-earnings ratio of -0.17 and a beta of 0.55.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million during the quarter, compared to analyst estimates of $33.12 million. During the same period in the prior year, the firm earned ($0.17) EPS. Equities research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were issued a $0.04 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 34.77%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -6.05%.

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.