Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Sold by Strs Ohio

Strs Ohio decreased its position in Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Rating) by 25.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,051 shares of the real estate investment trust’s stock after selling 3,742 shares during the quarter. Strs Ohio’s holdings in Creative Media & Community Trust Co. were worth $70,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Creative Media & Community Trust Co. by 1.7% in the first 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. State Street Corp increased its stake in Creative Media & Community Trust Co. by 4.3% in the first 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. Bank of New York Mellon Corp increased its stake in Creative Media & Community Trust Co. by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 48,580 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 2,848 shares during the last quarter. Renaissance Technologies LLC increased its stake in Creative Media & Community Trust Co. by 179.8% in the first quarter. Renaissance Technologies LLC now owns 45,442 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 29,202 shares during the last quarter. Finally, Covestor Ltd purchased a new position in Creative Media & Community Trust Co. in the first quarter valued at approximately $103,000. Institutional investors and hedge funds own 25.44% of the company’s stock.

Insider Activity at Creative Media & Community Trust Co.

In other news, major shareholder Cim Capital Real Property Mana acquired 36,663 shares of the stock in a transaction that occurred on Tuesday, December 20th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $916,575.00. Following the transaction, the insider now directly owns 200,000 shares in the company, valued at approximately $5,000,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 41.20% of the stock is currently owned by insiders.

Creative Media & Community Trust Co. Stock Performance

NASDAQ:CMCT opened at $5.38 on Friday. The firm’s fifty day moving average price is $5.51 and its 200 day moving average price is $6.37. Creative Media & Community Trust Co. has a 1-year low of $4.79 and a 1-year high of $8.31. The company has a debt-to-equity ratio of 5.52, a current ratio of 3.44 and a quick ratio of 3.44. The firm has a market cap of $122.51 million, a price-to-earnings ratio of -5.91 and a beta of 0.53.

Creative Media & Community Trust Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 9th. Investors of record on Tuesday, December 27th were given a $0.085 dividend. The ex-dividend date was Friday, December 23rd. This represents a $0.34 dividend on an annualized basis and a yield of 6.32%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is -37.36%.

Analyst Ratings Changes

Several equities analysts have commented on CMCT shares. StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. in a research note on Monday, January 16th. They issued a “hold” rating on the stock. Edward Jones assumed coverage on shares of Creative Media & Community Trust Co. in a research report on Thursday, September 29th. They set a “buy” rating on the stock. EF Hutton Acquisition Co. I lowered their target price on shares of Creative Media & Community Trust Co. from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, November 16th. Finally, TheStreet lowered shares of Creative Media & Community Trust Co. from a “c-” rating to a “d+” rating in a research report on Thursday, December 1st.

About Creative Media & Community Trust Co.

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Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. The company invests in creative offices, acquiring and developing properties catering to rapidly growing industries such as technology, media, and entertainment.