Creative Media & Community Trust Co. (NASDAQ:CMCT) Director Purchases $10,890.00 in Stock

Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Rating) Director Richard S. Ressler acquired 2,178 shares of the stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $5.00 per share, with a total value of $10,890.00. Following the transaction, the director now directly owns 9,108,201 shares in the company, valued at approximately $45,541,005. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Creative Media & Community Trust Co. Stock Down 0.4 %

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

Creative Media & Community Trust Co. Dividend Announcement

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

Analysts Set New Price Targets

CMCT has been the topic of several research reports. EF Hutton Acquisition Co. I upped their price target on 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 on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMCT. Y.D. More Investments Ltd bought a new stake in Creative Media & Community Trust Co. during the 4th quarter worth approximately $5,526,000. Dimensional Fund Advisors LP increased its stake 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 period. Blackstone Inc. acquired a new stake in Creative Media & Community Trust Co. in the 3rd quarter worth about $475,000. State Street Corp lifted its position in 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 during the period. Finally, Bank of New York Mellon Corp raised its position in Creative Media & Community Trust Co. by 6.2% during 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 in the last quarter. 25.44% of the stock is currently owned by 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.