Sequoia Financial Advisors LLC Buys Shares of 132,501 Creative Media & Community Trust Co. (NASDAQ:CMCT)

Sequoia Financial Advisors LLC bought a new stake in shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 132,501 shares of the real estate investment trust’s stock, valued at approximately $65,000. Sequoia Financial Advisors LLC owned approximately 0.58% of Creative Media & Community Trust Co. as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Carnegie Investment Counsel purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $50,000. Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $47,000. EWG Elevate Inc. purchased a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth approximately $37,000. Finally, Dimensional Fund Advisors LP grew its stake in Creative Media & Community Trust Co. by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 7,863 shares during the last quarter. 28.34% of the stock is owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Trading Down 4.2 %

Creative Media & Community Trust Co. stock opened at $0.48 on Thursday. The stock has a market cap of $11.03 million, a P/E ratio of -0.15 and a beta of 0.55. The company has a 50-day moving average price of $1.23 and a 200 day moving average price of $2.20. Creative Media & Community Trust Co. has a 12-month low of $0.42 and a 12-month high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The firm had revenue of $34.44 million during the quarter, compared to analyst estimates of $33.12 million. During the same period in the previous year, the firm earned ($0.17) earnings per share. As a group, analysts forecast that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Creative Media & Community Trust Co. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 25th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.16 annualized dividend and a yield of 33.05%. Creative Media & Community Trust Co.’s dividend payout ratio is currently -4.82%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Creative Media & Community Trust Co. in a report on Wednesday. They issued a “sell” rating 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.