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

StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report report published on Saturday morning. 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 report on Thursday, April 11th. They set a neutral rating and a $4.00 target price for the company.

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock opened at $3.56 on Friday. The firm has a market cap of $81.13 million, a price-to-earnings ratio of -1.07 and a beta of 0.51. Creative Media & Community Trust Co. has a fifty-two week low of $3.19 and a fifty-two week high of $5.80. The firm has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $3.78.

Creative Media & Community Trust Co. Cuts Dividend

The business 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. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.34 annualized dividend and a dividend yield of 9.55%. Creative Media & Community Trust Co.’s payout ratio is -10.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Creative Media & Community Trust Co. by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 96,084 shares of the real estate investment trust’s stock worth $744,000 after purchasing an additional 1,632 shares during the period. State Street Corp increased its stake in Creative Media & Community Trust Co. by 4.3% in the first quarter. State Street Corp now owns 61,364 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 2,533 shares during the period. Bank of New York Mellon Corp increased its stake 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 valued at $376,000 after acquiring an additional 2,848 shares during the period. Charles Schwab Investment Management Inc. bought a new stake in Creative Media & Community Trust Co. in the first quarter valued at about $78,000. Finally, Arkadios Wealth Advisors bought a new stake in Creative Media & Community Trust Co. in the fourth quarter valued at about $39,000. 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.