Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Price Crosses Above the 50-Day Moving Average of $7.15


Creative Media & Community Trust Co. (NASDAQ: CMCTGet a rating) the stock price rose above its fifty-day moving average during Wednesday’s session. The stock has a fifty-day moving average of $7.15 and is trading as low as $7.45. Shares of Creative Media & Community Trust Co. last traded at $7.18, with volume of 5,032 shares changing hands.

Separately, StockNews.com assumed coverage for Creative Media & Community Trust Co. in a report Thursday. They set a “holding” rating for the company.

The company has a quick ratio of 5.17, a current ratio of 5.17 and a debt ratio of 3.82. The company has a 50-day simple moving average of $7.15 and a 200-day simple moving average of $7.42. The stock has a market capitalization of $167.79 million, a price-earnings ratio of -9.84 and a beta of 0.56.

Creative Media & Community Trust Co. (NASDAQ: CMCTGet a rating) last reported results on Wednesday, May 11. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analyst consensus estimates of ($0.09) by ($0.03). Creative Media & Community Trust Co. recorded a return on equity of 7.33% and a net margin of 5.28%. During the same period last year, the company achieved EPS of ($0.55). As a group, sell-side analysts expect Creative Media & Community Trust Co. to post earnings per share of 0.42 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5. Shareholders of record on Monday, June 20 will receive a dividend of $0.085. The ex-dividend date is Thursday, June 16. This represents a dividend of $0.34 on an annualized basis and a yield of 4.74%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -46.57%.

Hedge funds and other institutional investors have recently changed their holdings in the company. Koshinski Asset Management Inc. acquired a new stake in Creative Media & Community Trust Co. during Q1 for approximately $27,000. FNY Investment Advisers LLC bought a new position in Creative Media & Community Trust Co. during Q4, valued at $36,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during Q1 for $78,000. Jane Street Group LLC bought a new position in Creative Media & Community Trust Co. in Q1 worth approximately $99,000. Finally, Ergoteles LLC purchased a new equity stake in Creative Media & Community Trust Co. during Q1 worth approximately $99,000. 63.80% of the shares are currently held by hedge funds and other institutional investors.

About Creative Media & Community Trust Co. (NASDAQ: CMCT)

Creative Media & Community Trust Corporation is a real estate investment trust that acquires, owns and operates primarily Class A assets and creative offices in vibrant and improving metropolitan communities across the United States (including improving and development of these assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area.

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