Creative Media & Community Trust Co. (NASDAQ:CMCT) Earns Sell Rating from Analysts at StockNews.com

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

Creative Media & Community Trust Co. Stock Up 13.9 %

Shares of NASDAQ CMCT opened at $0.14 on Wednesday. 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 $0.11 and a 1 year high of $4.40. The stock’s 50-day simple moving average is $0.32 and its 200-day simple moving average is $1.42. The firm has a market cap of $12.15 million, a price-to-earnings ratio of -0.05 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The business had revenue of $28.62 million for the quarter. During the same quarter in the prior year, the business posted ($0.30) EPS. As a group, equities analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 7,863 shares during the period. EWG Elevate Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $37,000. Carnegie Investment Counsel purchased a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $50,000. Calton & Associates Inc. purchased a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $47,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth $65,000. 28.34% of the stock is currently owned by institutional investors.

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.