StockNews.com Begins Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

Equities 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 Sunday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Up 0.8 %

Creative Media & Community Trust Co. stock opened at $0.22 on Friday. Creative Media & Community Trust Co. has a 1-year low of $0.21 and a 1-year high of $44.01. The business has a fifty day moving average price of $0.63 and a 200-day moving average price of $3.48. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The stock has a market capitalization of $2.95 million, a price-to-earnings ratio of -0.01 and a beta of 0.42.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMCT. LPL Financial LLC lifted its stake in shares of Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 51,766 shares during the period. Jane Street Group LLC raised its stake 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 acquiring an additional 118,275 shares during the last quarter. International Assets Investment Management LLC lifted its position in Creative Media & Community Trust Co. by 186.6% during 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 acquiring an additional 109,425 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Creative Media & Community Trust Co. during the 4th quarter valued at about $49,000. Finally, XTX Topco Ltd acquired a new position in shares of Creative Media & Community Trust Co. in the fourth quarter valued at about $84,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

About Creative Media & Community Trust Co.

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.