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

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

Separately, B. Riley initiated coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday, April 11th. They issued a neutral rating and a $4.00 price objective on the stock.

Creative Media & Community Trust Co. Price Performance

CMCT stock opened at $2.52 on Monday. The company has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $3.43. The stock has a market cap of $57.42 million, a price-to-earnings ratio of -0.76 and a beta of 0.58. Creative Media & Community Trust Co. has a 1 year low of $2.52 and a 1 year high of $5.08.

Institutional Trading of Creative Media & Community Trust Co.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pale Fire Capital SE increased its holdings in Creative Media & Community Trust Co. by 136.4% during the fourth quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after buying an additional 251,276 shares during the last quarter. First Foundation Advisors increased its holdings in Creative Media & Community Trust Co. by 3.1% during the third quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock worth $1,580,000 after buying an additional 11,612 shares during the last quarter. Presima Securities ULC purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter worth about $258,000. Victory Capital Management Inc. purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter worth about $70,000. Finally, Arkadios Wealth Advisors purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter worth about $39,000. Hedge funds and other 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.