Arkadios Wealth Advisors Acquires New Position in Creative Media & Community Trust Co. (NASDAQ:CMCT)

Arkadios Wealth Advisors acquired a new stake in shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,499 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Several other institutional investors also recently bought and sold shares of CMCT. First Foundation Advisors boosted its holdings in shares of Creative Media & Community Trust Co. by 3.1% during the 3rd quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock valued at $1,580,000 after acquiring an additional 11,612 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $1,273,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $4,550,000. Renaissance Technologies LLC raised its stake in Creative Media & Community Trust Co. by 84.6% during the 2nd quarter. Renaissance Technologies LLC now owns 55,000 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 25,200 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in Creative Media & Community Trust Co. during the 4th quarter worth approximately $157,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Stock Performance

CMCT stock opened at $3.71 on Thursday. The firm has a fifty day moving average price of $3.67 and a 200 day moving average price of $3.79. Creative Media & Community Trust Co. has a fifty-two week low of $3.19 and a fifty-two week high of $5.80. The firm has a market cap of $84.54 million, a PE ratio of -1.11 and a beta of 0.51.

Creative Media & Community Trust Co. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date is Friday, April 5th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -10.18%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Creative Media & Community Trust Co. in a research report on Friday, April 5th. They set a “sell” rating on the stock.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation (formerly known as CIM Commercial 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.