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

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

Creative Media & Community Trust Co. Stock Performance

Shares of Creative Media & Community Trust Co. stock opened at $0.25 on Friday. The firm has a market cap of $3.27 million, a PE ratio of -0.01 and a beta of 0.42. The firm’s 50-day simple moving average is $0.69 and its 200-day simple moving average is $4.25. 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. has a 1 year low of $0.22 and a 1 year high of $44.01.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share (EPS) for the quarter. The firm had revenue of $27.46 million for the quarter. During the same period last year, the firm posted ($6.66) EPS. Equities analysts forecast that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its position in Creative Media & Community Trust Co. by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 51,766 shares during the last quarter. Jane Street Group LLC grew its position in Creative Media & Community Trust Co. by 658.0% in the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 118,275 shares during the last quarter. International Assets Investment Management LLC grew its position in Creative Media & Community Trust Co. by 186.6% in the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 109,425 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Creative Media & Community Trust Co. in the 4th quarter worth about $49,000. Finally, XTX Topco Ltd bought a new position in Creative Media & Community Trust Co. in the 4th quarter worth about $84,000. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.