Equities Analysts Issue Forecasts for Creative Media & Community Trust Co.’s Q1 2024 Earnings (NASDAQ:CMCT)

Creative Media & Community Trust Co. (NASDAQ:CMCT) – Investment analysts at B. Riley issued their Q1 2024 EPS estimates for shares of Creative Media & Community Trust Co. in a note issued to investors on Wednesday, April 10th. B. Riley analyst J. Massocca anticipates that the real estate investment trust will earn ($0.32) per share for the quarter. B. Riley has a “Neutral” rating and a $4.00 price target on the stock. The consensus estimate for Creative Media & Community Trust Co.’s current full-year earnings is ($0.74) per share. B. Riley also issued estimates for Creative Media & Community Trust Co.’s Q2 2024 earnings at ($0.28) EPS, Q3 2024 earnings at ($0.37) EPS, Q4 2024 earnings at ($0.37) EPS, FY2024 earnings at ($1.24) EPS and FY2025 earnings at ($1.39) EPS.

Separately, StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. in a research report on Saturday. They set a “sell” rating for the company.

Creative Media & Community Trust Co. Trading Down 4.8 %

Shares of Creative Media & Community Trust Co. stock opened at $3.56 on Monday. The company has a market cap of $81.13 million, a PE ratio of -1.07 and a beta of 0.51. The company has a 50 day moving average of $3.69 and a 200-day moving average of $3.78. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date of this dividend is Friday, April 5th. Creative Media & Community Trust Co.’s dividend payout ratio is currently -10.18%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Arkadios Wealth Advisors bought a new stake in Creative Media & Community Trust Co. in the fourth quarter worth about $39,000. Victory Capital Management Inc. bought a new stake in Creative Media & Community Trust Co. in the fourth quarter worth about $70,000. Charles Schwab Investment Management Inc. bought a new stake in Creative Media & Community Trust Co. in the first quarter worth about $78,000. Ergoteles LLC bought a new stake in Creative Media & Community Trust Co. in the first quarter worth about $99,000. Finally, Jane Street Group LLC bought a new stake in shares of Creative Media & Community Trust Co. in the first quarter valued at approximately $99,000. 28.34% of the stock is owned by institutional investors.

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.