Arkadios Wealth Advisors Invests $39,000 in Creative Media & Community Trust Co. (NASDAQ:CMCT)

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

Several other large investors have also made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth approximately $4,550,000. First Foundation Advisors raised its stake in Creative Media & Community Trust Co. by 3.1% in 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 purchasing an additional 11,612 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at $1,273,000. Dimensional Fund Advisors LP raised its stake in Creative Media & Community Trust Co. by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 96,084 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 1,632 shares during the last quarter. Finally, State Street Corp raised its stake in Creative Media & Community Trust Co. by 4.3% in the 1st quarter. State Street Corp now owns 61,364 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 2,533 shares during the last quarter. 28.34% of the stock is owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Price Performance

Shares of Creative Media & Community Trust Co. stock opened at $3.71 on Thursday. The business has a 50-day moving average of $3.67 and a 200 day moving average of $3.79. Creative Media & Community Trust Co. has a 12 month low of $3.19 and a 12 month high of $5.80. The stock has a market capitalization of $84.54 million, a price-to-earnings ratio of -1.11 and a beta of 0.51.

Creative Media & Community Trust Co. Cuts Dividend

The company 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 dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Friday, April 5th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is -10.18%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Creative Media & Community Trust Co. in a research note on Friday, April 5th. They issued a “sell” rating for the company.

Creative Media & Community Trust Co. Profile

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.