Creative Media & Community Trust Co. (NASDAQ:CMCT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report released on Saturday. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Up 1.5 %

Shares of NASDAQ:CMCT opened at $0.25 on Friday. The company has a 50 day moving average price of $0.68 and a two-hundred day moving average price of $3.90. 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 company has a market capitalization of $3.32 million, a PE ratio of -0.01 and a beta of 0.42. Creative Media & Community Trust Co. has a 52 week low of $0.22 and a 52 week high of $44.01.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) EPS for the quarter. The company had revenue of $27.46 million for the quarter. During the same period in the previous year, the company posted ($6.66) earnings per share. Analysts forecast that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Institutional investors have recently modified their holdings of the business. Cerity Partners LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $1,397,000. Jane Street Group LLC boosted its holdings in shares of Creative Media & Community Trust Co. by 658.0% in the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 118,275 shares during the period. Renaissance Technologies LLC increased its position in shares of Creative Media & Community Trust Co. by 1,228.7% during the fourth quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 643,535 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Creative Media & Community Trust Co. by 229.9% during the fourth quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 432,056 shares during the period. Finally, LPL Financial LLC lifted its position in Creative Media & Community Trust Co. by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 51,766 shares in the last quarter. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.