Creative Media & Community Trust Co. (NASDAQ:CMCT) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCTGet Rating) in a research note released on Monday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Several other equities analysts also recently issued reports on CMCT. EF Hutton Acquisition Co. I reduced their price objective 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 note on Wednesday, November 16th. Edward Jones started coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday, September 29th. They set a buy rating on the stock.

Creative Media & Community Trust Co. Stock Performance

Shares of CMCT opened at $6.17 on Monday. The company has a debt-to-equity ratio of 5.52, a quick ratio of 3.44 and a current ratio of 3.44. The company has a market capitalization of $140.49 million, a price-to-earnings ratio of -6.78 and a beta of 0.52. The company’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $6.90. Creative Media & Community Trust Co. has a 1 year low of $5.43 and a 1 year high of $8.31.

Creative Media & Community Trust Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date was Friday, September 30th. Creative Media & Community Trust Co.’s dividend payout ratio is currently -37.36%.

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

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. purchased a new position in Creative Media & Community Trust Co. during the first quarter worth approximately $78,000. Cambridge Investment Research Advisors Inc. purchased a new position in Creative Media & Community Trust Co. during the third quarter worth approximately $71,000. Jane Street Group LLC purchased a new position in Creative Media & Community Trust Co. during the first quarter worth approximately $99,000. Ergoteles LLC purchased a new position in Creative Media & Community Trust Co. during the first quarter worth approximately $99,000. Finally, Covestor Ltd purchased a new position in Creative Media & Community Trust Co. during the first quarter worth approximately $103,000. Hedge funds and other institutional investors own 20.04% of the company’s stock.

About Creative Media & Community Trust Co.

(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.

Further Reading

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