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

Creative Media & Community Trust Co. (NASDAQ:CMCT) is set to release its earnings data before the market opens on Friday, November 8th. Analysts expect Creative Media & Community Trust Co. to post earnings of ($0.36) per share for the quarter.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate 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 prior year, the firm earned ($0.17) earnings per share. On average, analysts expect Creative Media & Community Trust Co. to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Creative Media & Community Trust Co. Stock Up 3.6 %

NASDAQ:CMCT opened at $0.42 on Thursday. Creative Media & Community Trust Co. has a 52-week low of $0.36 and a 52-week high of $4.40. The stock’s 50 day moving average price is $1.07 and its 200 day moving average price is $2.09. The company has a market capitalization of $9.65 million, a PE ratio of -0.15 and a beta of 0.56.

Creative Media & Community Trust Co. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 38.54%. The ex-dividend date of this dividend was Wednesday, September 25th. Creative Media & Community Trust Co.’s payout ratio is currently -6.05%.

Analyst Ratings Changes

Separately, StockNews.com started 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.