Creative Media & Community Trust Co. (CMCT) Set to Announce Quarterly Earnings on Thursday

Posted by Chris Copeland on Aug 7th, 2024

Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

Creative Media & Community Trust Co. Stock Up 2.9 %

NASDAQ:CMCT traded up $0.06 during mid-day trading on Wednesday, reaching $2.13. The company’s stock had a trading volume of 207 shares, compared to its average volume of 10,984. The firm has a market capitalization of $48.54 million, a PE ratio of -0.62 and a beta of 0.58. The stock has a fifty day moving average of $2.56 and a 200-day moving average of $3.16. Creative Media & Community Trust Co. has a 1 year low of $2.04 and a 1 year high of $4.65.

Creative Media & Community Trust Co. Dividend Announcement

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 15.96%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -10.24%.

Analyst Ratings Changes

A number of equities analysts have commented on CMCT shares. StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a research note on Saturday. They set a “sell” rating on the stock. B. Riley initiated coverage on shares of Creative Media & Community Trust Co. in a research report on Thursday, April 11th. They set a “neutral” rating and a $4.00 price target for the company.

View Our Latest Stock Report on CMCT

Creative Media & Community Trust Co. Company Profile

(Get Free Report)

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.