Creative Media & Community Trust Co. (CMCT) to Release Earnings on Tuesday

Creative Media & Community Trust Co. (NASDAQ:CMCT) will post its quarterly earnings results on Tuesday, April 30th.

Creative Media & Community Trust Co. Stock Performance

Shares of NASDAQ CMCT opened at $3.35 on Monday. The stock’s 50 day moving average price is $3.70 and its two-hundred day moving average price is $3.74. Creative Media & Community Trust Co. has a 52-week low of $3.19 and a 52-week high of $5.54.

Creative Media & Community Trust Co. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 10.15%. The ex-dividend date was Friday, April 5th. Creative Media & Community Trust Co.’s dividend payout ratio is currently -10.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CMCT shares. B. Riley assumed coverage on shares of Creative Media & Community Trust Co. in a report on Thursday, April 11th. They set a “neutral” rating and a $4.00 target price on the stock. StockNews.com began coverage on Creative Media & Community Trust Co. in a report on Monday. They issued a “sell” rating on the stock.

About Creative Media & Community Trust Co.

Creative Media & Community 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.