StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Free Report) in a report issued on Saturday morning. The firm issued a sell rating on the real estate investment trust’s stock.
Separately, B. Riley started 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 price target for the company.
View Our Latest Analysis on Creative Media & Community Trust Co.
Creative Media & Community Trust Co. Stock Performance
Creative Media & Community Trust Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were issued a dividend of $0.085 per share. The ex-dividend date was Monday, July 8th. This represents a $0.34 dividend on an annualized basis and a yield of 16.50%. Creative Media & Community Trust Co.’s dividend payout ratio is -10.24%.
Hedge Funds Weigh In On Creative Media & Community Trust Co.
A number of institutional investors and hedge funds have recently bought and sold shares of CMCT. Arkadios Wealth Advisors bought a new position in shares of Creative Media & Community Trust Co. in the fourth quarter worth about $39,000. Victory Capital Management Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the 4th quarter valued at $70,000. Presima Securities ULC bought a new position in shares of Creative Media & Community Trust Co. in the 4th quarter worth $258,000. Finally, Pale Fire Capital SE grew its stake in shares of Creative Media & Community Trust Co. by 136.4% during the fourth quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after purchasing an additional 251,276 shares during the period. Institutional investors and hedge funds own 28.34% of the company’s stock.
Creative Media & Community Trust Co. Company Profile
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.
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