2 weeks Ago By Defense World Staff
Creative Media & Community Trust Co. ( NASDAQ:CMCT – Get Free Report ) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 56,400 shares, an increase of 13.
9% from the August 31st total of 49,500 shares. Based on an average daily volume of 17,500 shares, the short-interest ratio is presently 3.2 days.
Currently, 0.5% of the shares of the stock are sold short. Creative Media & Community Trust Co.
Trading Down 12.5 % Shares of Creative Media & Community Trust Co. stock opened at $0.
63 on Friday. Creative Media & Community Trust Co. has a twelve month low of $0.
62 and a twelve month high of $4.40. The firm’s 50-day moving average price is $1.
97 and its 200 day moving average price is $2.75. The firm has a market capitalization of $14.
35 million, a PE ratio of -0.19 and a beta of 0.58.
Creative Media & Community Trust Co. ( NASDAQ:CMCT – Get Free Report ) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.
43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23).
The company had revenue of $34.44 million during the quarter, compared to analysts’ expectations of $33.12 million.
During the same period in the prior year, the company posted ($0.17) earnings per share. On average, sell-side analysts predict that Creative Media & Community Trust Co.
will post -1.24 EPS for the current fiscal year. Creative Media & Community Trust Co.
Cuts Dividend Institutional Inflows and Outflows A number of institutional investors have recently bought and sold shares of CMCT. Pale Fire Capital SE raised its holdings in shares of Creative Media & Community Trust Co. by 136.
4% during 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 period. Presima Securities ULC acquired a new stake in Creative Media & Community Trust Co.
during the fourth quarter worth about $258,000. Finally, Dimensional Fund Advisors LP raised its stake in Creative Media & Community Trust Co. by 13.
7% during the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 7,863 shares during the period. 28.
34% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Separately, StockNews.com assumed coverage on Creative Media & Community Trust Co.
in a research note on Saturday. They set a “sell” rating for the company. Get Our Latest Research Report on Creative Media & Community Trust Co.
About Creative Media & Community Trust Co. ( Get Free Report ) 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.
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