Creative Media & Community Trust Co. (NASDAQ:CMCT) Announces Earnings Results

Creative Media & Community Trust Co. (NASDAQ:CMCT) announced its quarterly earnings data on Friday. The real estate investment trust reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86), Zacks reports. The business had revenue of $28.62 million for the quarter. During the same quarter in the prior year, the company posted ($0.30) earnings per share.

Creative Media & Community Trust Co. Trading Down 3.9 %

Shares of NASDAQ:CMCT traded down $0.01 on Monday, reaching $0.36. 309,814 shares of the company were exchanged, compared to its average volume of 136,176. Creative Media & Community Trust Co. has a 1-year low of $0.36 and a 1-year high of $4.40. The firm has a market cap of $8.45 million, a price-to-earnings ratio of -0.13 and a beta of 0.56. The company has a 50-day moving average of $1.00 and a 200-day moving average of $2.04.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 44.04%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -5.56%.

Wall Street Analyst Weigh In

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

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.