StockNews.com Initiates Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

Stock analysts at StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Down 16.7 %

Shares of CMCT stock opened at $0.17 on Thursday. The company has a market capitalization of $15.09 million, a price-to-earnings ratio of -0.06 and a beta of 0.45. Creative Media & Community Trust Co. has a twelve month low of $0.11 and a twelve month high of $4.40. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The firm has a 50-day moving average price of $0.26 and a 200 day moving average price of $1.28.

Creative Media & Community Trust Co.’s stock is scheduled to reverse split on the morning of Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, January 3rd.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The firm had revenue of $28.62 million during the quarter. During the same quarter in the previous year, the company posted ($0.30) earnings per share. Research analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

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

About Creative Media & Community Trust Co.

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.