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

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

Creative Media & Community Trust Co. Trading Down 27.5 %

CMCT stock opened at $1.08 on Friday. Creative Media & Community Trust Co. has a 52 week low of $1.00 and a 52 week high of $44.02. The company has a market capitalization of $9.36 million, a PE ratio of -0.38 and a beta of 0.46. The company’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $12.06. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The firm had revenue of $28.62 million for the quarter. During the same quarter in the previous year, the firm earned ($3.00) EPS. As a group, sell-side analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Institutional Trading of Creative Media & Community Trust Co.

A number of institutional investors and hedge funds have recently made changes to their positions in CMCT. Cerity Partners LLC acquired a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $1,397,000. International Assets Investment Management LLC bought a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $29,000. Carnegie Investment Counsel acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $50,000. Calton & Associates Inc. bought a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $47,000. Finally, EWG Elevate Inc. acquired a new stake in Creative Media & Community Trust Co. in the third quarter valued at about $37,000. 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.