Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Price Passes Below 200 Day Moving Average of $3.19

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.19 and traded as low as $2.11. Creative Media & Community Trust Co. shares last traded at $2.15, with a volume of 5,095 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMCT shares. B. Riley started coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday, April 11th. They set a “neutral” rating and a $4.00 price target on the stock. StockNews.com assumed 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. Trading Down 1.4 %

The business has a 50 day moving average of $2.59 and a two-hundred day moving average of $3.19. The firm has a market cap of $49.00 million, a P/E ratio of -0.65 and a beta of 0.58.

Creative Media & Community Trust Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 15.81%. The ex-dividend date was Monday, July 8th. Creative Media & Community Trust Co.’s dividend payout ratio (DPR) is presently -10.24%.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors bought a new stake in Creative Media & Community Trust Co. during the fourth quarter worth $39,000. Victory Capital Management Inc. purchased a new stake in Creative Media & Community Trust Co. during the 4th quarter worth about $70,000. Presima Securities ULC purchased a new stake in Creative Media & Community Trust Co. during the 4th quarter worth about $258,000. Finally, Pale Fire Capital SE increased its stake in Creative Media & Community Trust Co. by 136.4% in the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after acquiring an additional 251,276 shares during the last quarter. 28.34% of the stock is owned by institutional investors and hedge funds.

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.