Creative Media & Community Trust Co. (NASDAQ:CMCT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note published on Tuesday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ CMCT opened at $0.15 on Tuesday. The stock’s 50-day simple moving average is $0.34 and its 200-day simple moving average is $1.48. The firm has a market capitalization of $12.82 million, a PE ratio of -0.05 and a beta of 0.45. Creative Media & Community Trust Co. has a fifty-two week low of $0.15 and a fifty-two week high of $4.40. 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 released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share 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 previous year, the company earned ($0.30) EPS. As a group, equities research analysts forecast that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $29,000. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $1,397,000. Carnegie Investment Counsel purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $50,000. Calton & Associates Inc. acquired a new position in Creative Media & Community Trust Co. during the third quarter worth approximately $47,000. Finally, EWG Elevate Inc. purchased a new stake in Creative Media & Community Trust Co. in the third quarter valued at approximately $37,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

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.