Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCTGet Rating) in a report published on Wednesday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Zacks Investment Research upgraded shares of Creative Media & Community Trust Co. from a sell rating to a hold rating in a report on Thursday, April 21st.

Creative Media & Community Trust Co. stock opened at $7.09 on Wednesday. The stock has a market capitalization of $165.69 million, a PE ratio of -6.11 and a beta of 0.53. Creative Media & Community Trust Co. has a twelve month low of $6.50 and a twelve month high of $12.20. The company has a quick ratio of 3.53, a current ratio of 3.53 and a debt-to-equity ratio of 3.20. The company has a 50 day moving average of $7.63 and a 200-day moving average of $7.67.

Creative Media & Community Trust Co. (NASDAQ:CMCTGet Rating) last released its quarterly earnings results on Wednesday, March 16th. The real estate investment trust reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01). Creative Media & Community Trust Co. had a negative net margin of 0.93% and a negative return on equity of 1.50%. Equities analysts anticipate that Creative Media & Community Trust Co. will post 0.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Investors of record on Saturday, March 19th were issued a dividend of $0.085 per share. This is a boost from Creative Media & Community Trust Co.’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, March 17th. This represents a $0.34 annualized dividend and a yield of 4.80%. Creative Media & Community Trust Co.’s dividend payout ratio is presently -29.31%.

A number of institutional investors and hedge funds have recently made changes to their positions in CMCT. Koshinski Asset Management Inc. acquired a new stake in Creative Media & Community Trust Co. in the first quarter valued at $27,000. Marshall Wace LLP lifted its stake in Creative Media & Community Trust Co. by 28.8% in the fourth quarter. Marshall Wace LLP now owns 51,496 shares of the real estate investment trust’s stock valued at $378,000 after acquiring an additional 11,509 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Creative Media & Community Trust Co. in the fourth quarter valued at $119,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Creative Media & Community Trust Co. in the fourth quarter valued at $8,320,000. Finally, FNY Investment Advisers LLC acquired a new stake in Creative Media & Community Trust Co. in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 65.39% of the company’s stock.

About Creative Media & Community Trust Co. (Get Rating)

Creative Media & Community Trust Corporation is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area.

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