Creative Media & Community Trust Co. (CMCT) to Release Earnings on Monday

Creative Media & Community Trust Co. (NASDAQ:CMCTGet Rating) is set to release its earnings data on Monday, November 14th. Analysts expect Creative Media & Community Trust Co. to post earnings of $0.07 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Creative Media & Community Trust Co. Stock Performance

Shares of NASDAQ:CMCT opened at $6.50 on Friday. The company has a market capitalization of $148.01 million, a price-to-earnings ratio of -11.82 and a beta of 0.52. Creative Media & Community Trust Co. has a 12 month low of $5.43 and a 12 month high of $8.31. The firm’s 50-day moving average is $6.65 and its 200 day moving average is $6.94. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 3.72.

Creative Media & Community Trust Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, September 30th. This represents a $0.34 annualized dividend and a dividend yield of 5.23%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -61.82%.

Insider Buying and Selling at Creative Media & Community Trust Co.

In other news, major shareholder Cim Capital Real Property Mana purchased 36,779 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were acquired at an average price of $25.00 per share, with a total value of $919,475.00. Following the transaction, the insider now owns 163,337 shares of the company’s stock, valued at $4,083,425. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 41.20% of the stock is currently owned by corporate insiders.

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

Several hedge funds have recently modified their holdings of CMCT. Jane Street Group LLC purchased a new position in Creative Media & Community Trust Co. during the first quarter valued at approximately $99,000. State Street Corp increased its holdings in shares of 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 acquiring an additional 2,533 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Creative Media & Community Trust Co. by 179.8% in the 1st quarter. Renaissance Technologies LLC now owns 45,442 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 29,202 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Creative Media & Community Trust Co. in the 1st quarter worth $78,000. Finally, Ergoteles LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 1st quarter worth $99,000. Hedge funds and other institutional investors own 20.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. EF Hutton Acquisition Co. I initiated coverage on Creative Media & Community Trust Co. in a research note on Thursday, September 29th. They issued a “buy” rating and a $9.00 target price on the stock. Edward Jones started coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday, September 29th. They issued a “buy” rating on the stock. Finally, StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a research report on Sunday. They issued a “hold” rating for the company.

Creative Media & Community Trust Co. Company Profile

(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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Earnings History for Creative Media & Community Trust Co. (NASDAQ:CMCT)

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