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

Investment analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) 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) 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

A number of large investors have recently modified their holdings of the stock. EWG Elevate Inc. bought a new stake in Creative Media & Community Trust Co. during the third quarter worth $37,000. Calton & Associates Inc. purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter worth $47,000. Carnegie Investment Counsel bought a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $50,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at about $65,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Creative Media & Community Trust Co. by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 7,863 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 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.