Short Interest in Creative Media & Community Trust Co. (NASDAQ:CMCT) Expands By 6.0%

Creative Media & Community Trust Co. (NASDAQ:CMCT) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 50,900 shares, a growth of 6.0% from the July 15th total of 48,000 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 3.4 days.

Creative Media & Community Trust Co. Stock Up 6.1 %

NASDAQ:CMCT traded up $0.13 during trading hours on Friday, reaching $2.25. 1,320 shares of the company’s stock were exchanged, compared to its average volume of 7,605. Creative Media & Community Trust Co. has a 1-year low of $2.04 and a 1-year high of $4.65. The company has a 50-day moving average of $2.43 and a 200 day moving average of $3.09.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The firm had revenue of $34.44 million for the quarter, compared to analyst estimates of $33.12 million. During the same period last year, the firm earned ($0.17) earnings per share. Sell-side analysts predict that Creative Media & Community Trust Co. will post -0.93 EPS for the current year.

Creative Media & Community Trust Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 15.11%. The ex-dividend date of this dividend was Monday, July 8th. Creative Media & Community Trust Co.’s payout ratio is currently -10.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Creative Media & Community Trust Co. in a research note on Sunday, August 11th. They issued a “sell” rating for the company.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Several large investors have recently modified their holdings of the stock. Victory Capital Management Inc. purchased a new position in Creative Media & Community Trust Co. during the fourth quarter worth about $70,000. Presima Securities ULC purchased a new position in shares of Creative Media & Community Trust Co. during the 4th quarter worth approximately $258,000. Pale Fire Capital SE lifted its holdings in shares of Creative Media & Community Trust Co. by 136.4% in the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after buying an additional 251,276 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Creative Media & Community Trust Co. by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 7,863 shares during the period. Hedge funds and other institutional investors own 28.34% of the company’s 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.