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

Equities researchers at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a note issued to investors on Tuesday. The firm set a “sell” rating on the real estate investment trust’s stock.

Separately, B. Riley began coverage on Creative Media & Community Trust Co. in a research note on Thursday, April 11th. They set a “neutral” rating and a $4.00 price objective for the company.

Creative Media & Community Trust Co. Stock Performance

CMCT stock opened at $2.65 on Tuesday. The firm has a 50 day moving average price of $2.96 and a 200-day moving average price of $3.41. Creative Media & Community Trust Co. has a 52-week low of $2.52 and a 52-week high of $4.99. The firm has a market capitalization of $60.39 million, a price-to-earnings ratio of -0.80 and a beta of 0.58.

Institutional Trading of Creative Media & Community Trust Co.

Institutional investors and hedge funds have recently modified their holdings of the business. First Foundation Advisors lifted its position in Creative Media & Community Trust Co. by 3.1% during the third quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 11,612 shares during the period. Arkadios Wealth Advisors bought a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter valued at about $39,000. Victory Capital Management Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter valued at about $70,000. Presima Securities ULC purchased a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter valued at about $258,000. Finally, Pale Fire Capital SE lifted its stake in shares of Creative Media & Community Trust Co. by 136.4% in 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 purchasing an additional 251,276 shares during the period. Institutional investors own 28.34% of the company’s stock.

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.