StockNews.com initiated protection on shares of Artistic Media & Group Belief Co. (NASDAQ:CMCT – Free Report) in a report issued on Friday morning. The brokerage issued a promote ranking on the true property funding belief’s inventory.
Artistic Media & Group Belief Co. Buying and selling Down 9.2 %
NASDAQ CMCT opened at $0.28 on Friday. The corporate has a market capitalization of $24.10 million, a price-to-earnings ratio of -0.10 and a beta of 0.56. The corporate has a debt-to-equity ratio of 438.44, a present ratio of two.71 and a fast ratio of three.49. Artistic Media & Group Belief Co. has a 12 month low of $0.28 and a 12 month excessive of $4.40. The corporate’s fifty day transferring common value is $0.84 and its two-hundred day transferring common value is $1.94.
Artistic Media & Group Belief Co. (NASDAQ:CMCT – Get Free Report) final introduced its quarterly earnings knowledge on Friday, November eighth. The actual property funding belief reported ($1.22) earnings per share for the quarter, lacking the consensus estimate of ($0.36) by ($0.86). The corporate had income of $28.62 million through the quarter. Throughout the identical interval final yr, the corporate earned ($0.30) earnings per share. As a gaggle, analysis analysts predict that Artistic Media & Group Belief Co. will publish -1.22 earnings per share for the present fiscal yr.
Artistic Media & Group Belief Co. Cuts Dividend
The agency additionally lately declared a quarterly dividend, which was paid on Tuesday, October eighth. Stockholders of file on Wednesday, September twenty fifth got a $0.04 dividend. The ex-dividend date was Wednesday, September twenty fifth. This represents a $0.16 dividend on an annualized foundation and a dividend yield of 57.55%. Artistic Media & Group Belief Co.’s payout ratio is at present -5.56%.
Institutional Buyers Weigh In On Artistic Media & Group Belief Co.
Institutional traders have lately modified their holdings of the enterprise. Cerity Companions LLC purchased a brand new place in shares of Artistic Media & Group Belief Co. through the third quarter valued at roughly $1,397,000. Arkadios Wealth Advisors purchased a brand new place in Artistic Media & Group Belief Co. through the third quarter value $548,000. PFG Investments LLC acquired a brand new stake in Artistic Media & Group Belief Co. within the third quarter value $266,000. Sequoia Monetary Advisors LLC acquired a brand new place in shares of Artistic Media & Group Belief Co. through the third quarter valued at $65,000. Lastly, Carnegie Funding Counsel acquired a brand new place in shares of Artistic Media & Group Belief Co. through the third quarter valued at $50,000. Institutional traders personal 28.34% of the corporate’s inventory.
About Artistic Media & Group Belief Co.
Artistic Media & Group Belief Company (the Firm), is a Maryland company and actual property funding belief (REIT). The Firm primarily acquires, develops, owns and operates each premier multifamily properties located in vibrant communities all through america and Class A and inventive workplace actual belongings in markets with comparable enterprise and employment traits to its multifamily investments.
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