Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) declared a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Shareholders of record on Wednesday, September 25th will be given a dividend of 0.04 per share by the real estate investment trust on Tuesday, October 8th. This represents a $0.16 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date of this dividend is Wednesday, September 25th.
Creative Media & Community Trust Co. has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Creative Media & Community Trust Co. to earn ($1.39) per share next year, which means the company may not be able to cover its $0.34 annual dividend with an expected future payout ratio of -24.5%.
Creative Media & Community Trust Co. Stock Performance
Shares of CMCT stock opened at $2.06 on Monday. The firm has a market cap of $46.94 million, a P/E ratio of -0.62 and a beta of 0.58. The firm’s 50 day moving average price is $2.08 and its 200-day moving average price is $2.82. Creative Media & Community Trust Co. has a one year low of $1.88 and a one year high of $4.61.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. in a research note on Friday. They set a “sell” rating on the stock.
Get Our Latest Research Report on Creative Media & Community Trust Co.
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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