Creative Media & Community Trust Co. (NASDAQ:CMCT) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report issued on Sunday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ CMCT opened at $0.29 on Friday. Creative Media & Community Trust Co. has a fifty-two week low of $0.21 and a fifty-two week high of $4.40. The company has a market cap of $25.14 million, a PE ratio of -0.10 and a beta of 0.56. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The business has a 50-day simple moving average of $0.47 and a two-hundred day simple moving average of $1.72.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The company had revenue of $28.62 million for the quarter. During the same period last year, the company posted ($0.30) earnings per share. As a group, equities analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new position in shares of Creative Media & Community Trust Co. in the third quarter valued at about $1,397,000. Stonebridge Financial Planning Group LLC purchased a new stake in Creative Media & Community Trust Co. in the third quarter valued at approximately $39,000. PFG Investments LLC acquired a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $266,000. Arkadios Wealth Advisors purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $548,000. Finally, International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 28.34% of the company’s 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.