Creative Media & Community Trust Co. (NASDAQ:CMCT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Rating) in a report published on Saturday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Zacks Investment Research upgraded Creative Media & Community Trust Co. from a sell rating to a hold rating in a research report on Thursday, May 19th.

NASDAQ:CMCT opened at $7.10 on Friday. The stock has a 50-day simple moving average of $7.30 and a two-hundred day simple moving average of $7.43. Creative Media & Community Trust Co. has a 52-week low of $6.15 and a 52-week high of $12.20. The company has a debt-to-equity ratio of 3.82, a quick ratio of 5.17 and a current ratio of 5.17. The firm has a market capitalization of $165.92 million, a PE ratio of -9.73 and a beta of 0.56.

Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Creative Media & Community Trust Co. had a net margin of 5.28% and a return on equity of 7.33%. During the same period in the previous year, the company earned ($0.55) earnings per share. Equities analysts forecast that Creative Media & Community Trust Co. will post 0.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Saturday, March 19th were paid a dividend of $0.085 per share. This is a boost from Creative Media & Community Trust Co.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.79%. Creative Media & Community Trust Co.’s dividend payout ratio is currently -46.57%.

A number of institutional investors have recently bought and sold shares of CMCT. Royal Bank of Canada raised its stake in Creative Media & Community Trust Co. by 223.2% in the 2nd quarter. Royal Bank of Canada now owns 2,747 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,897 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in Creative Media & Community Trust Co. in the 1st quarter worth about $27,000. FNY Investment Advisers LLC purchased a new position in Creative Media & Community Trust Co. in the 4th quarter worth approximately $36,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the 1st quarter valued at approximately $78,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $108,000. Institutional investors own 63.80% of the company’s stock.

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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