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

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

Several other research firms also recently weighed in on CMCT. Edward Jones assumed coverage on shares of Creative Media & Community Trust Co. in a research report on Thursday, September 29th. They issued a buy rating on the stock. EF Hutton Acquisition Co. I dropped their target price 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 report on Wednesday, November 16th.

Creative Media & Community Trust Co. Stock Performance

Shares of CMCT opened at $6.17 on Monday. The firm’s 50 day moving average is $6.52 and its 200-day moving average is $6.90. The stock has a market capitalization of $140.49 million, a P/E ratio of -6.78 and a beta of 0.52. The company has a debt-to-equity ratio of 5.52, a current ratio of 3.44 and a quick ratio of 3.44. Creative Media & Community Trust Co. has a 12-month low of $5.43 and a 12-month high of $8.31.

Creative Media & Community Trust Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Monday, October 3rd were given 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 of this dividend was Friday, September 30th. Creative Media & Community Trust Co.’s payout ratio is presently -37.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew 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 in the last quarter. State Street Corp grew its position in 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 valued at $480,000 after purchasing an additional 2,533 shares in the last quarter. Bank of New York Mellon Corp grew its position in Creative Media & Community Trust Co. by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 48,580 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 2,848 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Creative Media & Community Trust Co. during the first quarter valued at approximately $78,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $71,000. 20.04% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Receive News & Ratings for Creative Media & Community Trust Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Creative Media & Community Trust Co. and related companies with MarketBeat.com's FREE daily email newsletter.