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

StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a note issued to investors on Thursday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Up 39.4 %

CMCT opened at $0.23 on Thursday. Creative Media & Community Trust Co. has a 1 year low of $0.11 and a 1 year high of $4.40. The firm has a 50 day moving average price of $0.28 and a 200 day moving average price of $1.30. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The company has a market cap of $19.51 million, a PE ratio of -0.08 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data 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 business had revenue of $28.62 million for the quarter. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Sell-side analysts expect that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at about $1,397,000. Stonebridge Financial Planning Group LLC purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $39,000. PFG Investments LLC purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $266,000. Arkadios Wealth Advisors acquired a new stake in Creative Media & Community Trust Co. in the third quarter valued at approximately $548,000. Finally, International Assets Investment Management LLC purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth $29,000. 28.34% of the stock is owned by hedge funds and other 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.