International Assets Investment Management LLC Invests $29,000 in Creative Media & Community Trust Co. (NASDAQ:CMCT)

International Assets Investment Management LLC purchased 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 purchased 58,647 shares of the real estate investment trust’s stock, valued at approximately $29,000. International Assets Investment Management LLC owned 0.25% of Creative Media & Community Trust Co. at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCT. Sequoia Financial Advisors LLC purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at $65,000. Calton & Associates Inc. bought a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at about $47,000. Carnegie Investment Counsel purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at about $50,000. EWG Elevate Inc. bought a new position in Creative Media & Community Trust Co. in the third quarter worth about $37,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Creative Media & Community Trust Co. by 13.7% in the second 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 period. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Trading Down 3.7 %

CMCT opened at $0.38 on Friday. The company has a market cap of $8.79 million, a price-to-earnings ratio of -0.14 and a beta of 0.56. The stock has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $2.06. Creative Media & Community Trust Co. has a 12-month low of $0.36 and a 12-month high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million for the quarter, compared to the consensus estimate of $33.12 million. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Creative Media & Community Trust Co. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.16 annualized dividend and a dividend yield of 42.33%. Creative Media & Community Trust Co.’s payout ratio is -6.05%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Creative Media & Community Trust Co. in a report on Thursday. They set a “sell” rating on the stock.

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.