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

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 Down 9.1 %

Shares of NASDAQ:CMCT opened at $0.22 on Friday. Creative Media & Community Trust Co. has a 52-week low of $0.21 and a 52-week high of $4.40. The firm has a market capitalization of $19.46 million, a P/E ratio of -0.08 and a beta of 0.56. The stock has a 50 day moving average price of $0.67 and a 200-day moving average price of $1.84. 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 ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The firm had revenue of $28.62 million during the quarter. During the same period last year, the company posted ($0.30) earnings per share. As a group, equities research analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cerity Partners LLC bought a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $1,397,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $548,000. PFG Investments LLC bought a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $266,000. Sequoia Financial Advisors LLC bought a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $65,000. Finally, Carnegie Investment Counsel bought a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $50,000. Institutional investors own 28.34% of the company’s stock.

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.