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 research report sent to investors on Wednesday. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock opened at $1.90 on Wednesday. The business’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.95. The stock has a market cap of $43.30 million, a price-to-earnings ratio of -0.57 and a beta of 0.58. Creative Media & Community Trust Co. has a 12-month low of $1.88 and a 12-month high of $4.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its 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 firm had revenue of $34.44 million for the quarter, compared to the consensus estimate of $33.12 million. During the same quarter in the previous year, the business earned ($0.17) earnings per share. As a group, sell-side analysts expect that Creative Media & Community Trust Co. will post -0.93 EPS for the current year.

Creative Media & Community Trust Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 17.89%. The ex-dividend date of this dividend was Monday, July 8th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -10.24%.

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

A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. bought a new position in Creative Media & Community Trust Co. during the fourth quarter worth about $70,000. Dimensional Fund Advisors LP boosted its stake in Creative Media & Community Trust Co. by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 7,863 shares during the last quarter. Presima Securities ULC acquired a new position in Creative Media & Community Trust Co. during the fourth quarter valued at approximately $258,000. Finally, Pale Fire Capital SE increased its stake in Creative Media & Community Trust Co. by 136.4% in the fourth quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after purchasing an additional 251,276 shares in the last quarter. 28.34% of the stock is 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.