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

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

Creative Media & Community Trust Co. Stock Down 9.2 %

CMCT stock opened at $0.28 on Friday. The firm’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $1.95. The company has a market capitalization of $6.46 million, a P/E ratio of -0.10 and a beta of 0.56. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 3.49. Creative Media & Community Trust Co. has a 12 month low of $0.28 and a 12 month high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The company had revenue of $28.62 million for the quarter. During the same quarter in the prior year, the firm earned ($0.30) EPS. As a group, equities research analysts forecast 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 hedge funds have recently added to or reduced their stakes in CMCT. Dimensional Fund Advisors LP boosted its holdings in 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 worth $175,000 after buying an additional 7,863 shares in the last quarter. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at $37,000. Carnegie Investment Counsel purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at $50,000. Calton & Associates Inc. purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at $47,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at $65,000. 28.34% of the stock is owned by hedge funds and other 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.