Creative Media & Community Trust Co. (CMCT) to Release Quarterly Earnings on Thursday

Creative Media & Community Trust Co. (NASDAQ:CMCT) will issue its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

Creative Media & Community Trust Co. Stock Performance

Shares of NASDAQ:CMCT opened at $2.06 on Wednesday. The stock has a 50-day simple moving average of $2.56 and a 200-day simple moving average of $3.16. The stock has a market capitalization of $46.95 million, a P/E ratio of -0.62 and a beta of 0.58. Creative Media & Community Trust Co. has a 1 year low of $2.04 and a 1 year high of $4.87.

Creative Media & Community Trust Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 8th were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.34 annualized dividend and a yield of 16.50%. Creative Media & Community Trust Co.’s dividend payout ratio is currently -10.24%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley assumed coverage on Creative Media & Community Trust Co. in a report on Thursday, April 11th. They issued a “neutral” rating and a $4.00 price target for the company. StockNews.com started coverage on Creative Media & Community Trust Co. in a report on Saturday. They issued a “sell” rating for the company.

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.