Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report issued on Tuesday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Separately, B. Riley started coverage on Creative Media & Community Trust Co. in a report on Thursday, April 11th. They issued a neutral rating and a $4.00 price objective for the company.

Creative Media & Community Trust Co. Stock Performance

NASDAQ CMCT opened at $3.05 on Tuesday. Creative Media & Community Trust Co. has a 52-week low of $3.00 and a 52-week high of $5.54. The company has a fifty day moving average of $3.66 and a 200-day moving average of $3.69. The company has a market capitalization of $69.51 million, a P/E ratio of -0.91 and a beta of 0.55.

Creative Media & Community Trust Co. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were issued a $0.085 dividend. The ex-dividend date was Friday, April 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 11.15%. Creative Media & Community Trust Co.’s payout ratio is -10.18%.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Pale Fire Capital SE lifted its stake in Creative Media & Community Trust Co. by 136.4% in the fourth quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after purchasing an additional 251,276 shares during the last quarter. Presima Securities ULC bought a new stake in shares of Creative Media & Community Trust Co. in the 4th quarter valued at about $258,000. Victory Capital Management Inc. purchased a new stake in Creative Media & Community Trust Co. during the 4th quarter valued at about $70,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Co. during the 4th quarter worth approximately $39,000. Finally, First Foundation Advisors grew its position in Creative Media & Community Trust Co. by 3.1% during the 3rd quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock worth $1,580,000 after acquiring an additional 11,612 shares during the last quarter. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community 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.