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

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

Separately, B. Riley assumed coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday, April 11th. They issued a neutral rating and a $4.00 price objective on the stock.

Creative Media & Community Trust Co. Trading Down 3.8 %

Shares of Creative Media & Community Trust Co. stock opened at $3.75 on Friday. The company has a 50 day moving average of $3.69 and a 200-day moving average of $3.78. The company has a market cap of $85.45 million, a PE ratio of -1.12 and a beta of 0.51. Creative Media & Community Trust Co. has a 1-year low of $3.19 and a 1-year high of $5.80.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.34 dividend on an annualized basis and a yield of 9.07%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -10.18%.

Institutional Trading of Creative Media & Community Trust Co.

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in 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 valued at $744,000 after purchasing an additional 1,632 shares during the last quarter. State Street Corp boosted its holdings 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 during the period. Bank of New York Mellon Corp lifted its holdings in Creative Media & Community Trust Co. by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 48,580 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 2,848 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Creative Media & Community Trust Co. in the first quarter worth about $78,000. Finally, Arkadios Wealth Advisors bought a new position in shares of Creative Media & Community Trust Co. during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (formerly known as CIM Commercial 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.