Creative Media & Community Trust Co. (CMCT) Set to Announce Quarterly Earnings on Tuesday

Creative Media & Community Trust Co. (NASDAQ:CMCT) is scheduled to be issuing its quarterly earnings data on Tuesday, April 30th.

Creative Media & Community Trust Co. Stock Performance

Creative Media & Community Trust Co. stock opened at $3.35 on Monday. The business has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $3.74. Creative Media & Community Trust Co. has a 52 week low of $3.19 and a 52 week high of $5.54.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a dividend of $0.085 per share. The ex-dividend date was Friday, April 5th. This represents a $0.34 annualized dividend and a yield of 10.15%. Creative Media & Community Trust Co.’s payout ratio is presently -10.18%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a report on Monday. They issued a “sell” rating on the stock. B. Riley started coverage on Creative Media & Community Trust Co. in a research note on Thursday, April 11th. They issued a “neutral” rating and a $4.00 target price on the 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.