Creative Media & Community Trust Co. (NASDAQ:CMCT) CIO Buys $87,644.70 in Stock

Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Rating) CIO Shaul Kuba purchased 17,706 shares of Creative Media & Community Trust Co. stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $4.95 per share, for a total transaction of $87,644.70. Following the transaction, the executive now directly owns 9,106,023 shares of the company’s stock, valued at $45,074,813.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shaul Kuba also recently made the following trade(s):

• On Monday, May 15th, Shaul Kuba bought 9,264 shares of Creative Media & Community Trust Co. stock. The shares were bought at an average price of $4.96 per share, for a total transaction of $45,949.44.
• On Friday, May 12th, Shaul Kuba acquired 11,705 shares of Creative Media & Community Trust Co. stock. The shares were bought at an average price of $4.71 per share, for a total transaction of $55,130.55.
• On Wednesday, May 10th, Shaul Kuba purchased 18,600 shares of Creative Media & Community Trust Co. stock. The shares were purchased at an average cost of $4.42 per share, with a total value of $82,212.00.
• On Monday, May 8th, Shaul Kuba acquired 18,600 shares of Creative Media & Community Trust Co. stock. The shares were purchased at an average cost of $4.37 per share, for a total transaction of $81,282.00.

Creative Media & Community Trust Co. Stock Performance

Shares of Creative Media & Community Trust Co. stock opened at $5.03 on Monday. The business has a 50-day moving average price of $4.45 and a 200 day moving average price of $5.12. The company has a debt-to-equity ratio of 48.70, a quick ratio of 3.32 and a current ratio of 3.32. Creative Media & Community Trust Co. has a twelve month low of $3.89 and a twelve month high of $7.68.

Creative Media & Community Trust Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Thursday, March 30th were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend was Wednesday, March 29th. Creative Media & Community Trust Co.’s dividend payout ratio is currently -21.94%.

Wall Street Analysts Forecast Growth

CMCT has been the topic of several recent analyst reports. EF Hutton Acquisition Co. I increased their target price on shares of Creative Media & Community Trust Co. from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, April 17th. StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CMCT. Blackstone Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth about $475,000. Dimensional Fund Advisors LP grew its holdings in shares of Creative Media & Community Trust Co. by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 96,084 shares of the real estate investment trust’s stock worth $744,000 after purchasing an additional 1,632 shares during the last quarter. State Street Corp increased its position in shares of Creative Media & Community Trust Co. by 4.3% during the first quarter. State Street Corp now owns 61,364 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 2,533 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Creative Media & Community Trust Co. by 6.2% in the 1st 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 period. Finally, Renaissance Technologies LLC grew its stake in Creative Media & Community Trust Co. by 179.8% during the 1st quarter. Renaissance Technologies LLC now owns 45,442 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 29,202 shares during the last quarter. 25.44% of the stock is currently owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Company Profile

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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. It operates through the following segments: Office, Hotel, and Lending. The Office segment consists of the rental of office space and other tenant services, including tenant reimbursements, parking, and storage space rental.