StockNews.com Begins Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

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

Separately, B. Riley started coverage on Creative Media & Community Trust Co. in a research report on Thursday, April 11th. They issued a neutral rating and a $4.00 price target for the company.

Get Our Latest Analysis on CMCT

Creative Media & Community Trust Co. Trading Down 3.6 %

CMCT opened at $2.43 on Wednesday. The firm has a market cap of $55.38 million, a price-to-earnings ratio of -0.73 and a beta of 0.58. Creative Media & Community Trust Co. has a 12 month low of $2.06 and a 12 month high of $4.98. The stock has a fifty day moving average price of $2.85 and a 200-day moving average price of $3.37.

Creative Media & Community Trust Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 13.99%. The ex-dividend date is Monday, July 8th. Creative Media & Community Trust Co.’s payout ratio is -10.24%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Pale Fire Capital SE increased its position in Creative Media & Community Trust Co. by 136.4% during the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after buying an additional 251,276 shares in the last quarter. Presima Securities ULC acquired a new position in Creative Media & Community Trust Co. during the 4th quarter valued at about $258,000. Victory Capital Management Inc. acquired a new position in Creative Media & Community Trust Co. during the 4th quarter valued at about $70,000. Finally, Arkadios Wealth Advisors acquired a new position in Creative Media & Community Trust Co. during the 4th quarter valued at about $39,000. 28.34% of the stock is owned by institutional investors.

About Creative Media & Community Trust Co.

(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.

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