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

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

Creative Media & Community Trust Co. Stock Up 8.0 %

CMCT stock opened at $0.40 on Thursday. Creative Media & Community Trust Co. has a twelve month low of $0.36 and a twelve month high of $4.40. The firm has a market cap of $9.31 million, a price-to-earnings ratio of -0.15 and a beta of 0.56. The business’s fifty day simple moving average is $1.07 and its two-hundred day simple moving average is $2.09.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million for the quarter, compared to the consensus estimate of $33.12 million. During the same period last year, the firm earned ($0.17) EPS. Research analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Institutional Trading of Creative Media & Community Trust Co.

Institutional investors and hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Co. during the 3rd quarter worth about $548,000. PFG Investments LLC bought a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $266,000. Sequoia Financial Advisors LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $65,000. Carnegie Investment Counsel bought a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $50,000. Finally, Calton & Associates Inc. bought a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $47,000. 28.34% of the stock is currently owned by institutional investors.

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.