Investment analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a report released on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.
Creative Media & Community Trust Co. Stock Down 2.1 %
Shares of CMCT opened at $0.53 on Tuesday. Creative Media & Community Trust Co. has a 12-month low of $0.42 and a 12-month high of $4.40. The business’s fifty day moving average is $1.46 and its 200 day moving average is $2.35. The stock has a market cap of $12.06 million, a P/E ratio of -0.16 and a beta of 0.55.
Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The business had revenue of $34.44 million for the quarter, compared to analysts’ expectations of $33.12 million. During the same quarter last year, the firm posted ($0.17) EPS. On average, analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.
Institutional Inflows and Outflows
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.
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