Creative Media & Community Trust Co. (NASDAQ:CMCT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report published on Tuesday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of Creative Media & Community Trust Co. stock opened at $1.97 on Tuesday. Creative Media & Community Trust Co. has a one year low of $1.90 and a one year high of $4.61. The stock’s 50-day moving average is $2.30 and its 200 day moving average is $3.00. The firm has a market cap of $44.89 million, a price-to-earnings ratio of -0.59 and a beta of 0.58.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The business had revenue of $34.44 million during the quarter, compared to analysts’ expectations of $33.12 million. During the same quarter in the previous year, the business posted ($0.17) earnings per share. On average, sell-side analysts expect that Creative Media & Community Trust Co. will post -0.93 EPS for the current fiscal year.

Creative Media & Community Trust Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.34 annualized dividend and a dividend yield of 17.26%. Creative Media & Community Trust Co.’s dividend payout ratio is currently -10.24%.

Institutional Trading of Creative Media & Community Trust Co.

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in Creative Media & Community Trust Co. during the 4th quarter worth approximately $70,000. Dimensional Fund Advisors LP increased its holdings in shares of Creative Media & Community Trust Co. by 13.7% during 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 acquiring an additional 7,863 shares in the last quarter. Presima Securities ULC acquired a new position in shares of Creative Media & Community Trust Co. during the fourth quarter worth approximately $258,000. Finally, Pale Fire Capital SE lifted its holdings in shares of Creative Media & Community Trust Co. by 136.4% in the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after purchasing an additional 251,276 shares in the last quarter. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Company Profile

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.