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 report published on Saturday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of CMCT opened at $0.25 on Friday. The firm has a market capitalization of $3.27 million, a price-to-earnings ratio of -0.01 and a beta of 0.42. 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 one year low of $0.22 and a one year high of $44.01. The stock’s fifty day moving average is $0.69 and its 200-day moving average is $4.14.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share for the quarter. The company had revenue of $27.46 million during the quarter. During the same quarter in the previous year, the company earned ($6.66) earnings per share. Equities analysts anticipate that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC bought a new stake in Creative Media & Community Trust Co. in the third quarter worth about $1,397,000. Jane Street Group LLC raised its position in Creative Media & Community Trust Co. by 658.0% in the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 118,275 shares in the last quarter. Renaissance Technologies LLC increased its stake in Creative Media & Community Trust Co. by 1,228.7% in the 4th quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 643,535 shares in the last quarter. Geode Capital Management LLC increased its stake in Creative Media & Community Trust Co. by 229.9% in the 4th quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 432,056 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Creative Media & Community Trust Co. by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 51,766 shares in the last quarter. 28.34% of the stock is currently owned by institutional investors.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.