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

Creative Media & Community Trust Co. (NASDAQ:CMCT) will issue 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. Creative Media & Community Trust Co. has a 52 week low of $3.19 and a 52 week high of $5.54. 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. Cuts Dividend

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

Analysts Set New Price Targets

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