Creative Media & Community Trust Co. (CMCT) Scheduled to Post Earnings on Friday

Creative Media & Community Trust Co. (NASDAQ:CMCTGet Free Report) will be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.36) per share for the quarter.

Creative Media & Community Trust Co. (NASDAQ:CMCTGet Free Report) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million for the quarter, compared to the consensus estimate of $33.12 million. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, analysts expect Creative Media & Community Trust Co. to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Creative Media & Community Trust Co. Price Performance

NASDAQ CMCT traded down $0.01 during trading hours on Thursday, reaching $0.40. 227,846 shares of the company’s stock traded hands, compared to its average volume of 131,976. Creative Media & Community Trust Co. has a 52-week low of $0.36 and a 52-week high of $4.40. The firm has a market cap of $9.19 million, a PE ratio of -0.15 and a beta of 0.56. The firm has a 50-day simple moving average of $1.07 and a 200 day simple moving average of $2.09.

Creative Media & Community Trust Co. Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 25th were given 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 yield of 40.50%. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is currently -6.05%.

Wall Street Analyst Weigh In

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

Read Our Latest Report on Creative Media & Community Trust Co.

Creative Media & Community Trust Co. Company Profile

(Get Free Report)

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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Earnings History for Creative Media & Community Trust Co. (NASDAQ:CMCT)

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