StockNews.com Begins Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

Stock analysts at StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report released on Tuesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Down 2.1 %

NASDAQ CMCT opened at $0.50 on Tuesday. Creative Media & Community Trust Co. has a 1 year low of $0.42 and a 1 year high of $4.40. The firm has a market capitalization of $11.61 million, a price-to-earnings ratio of -0.19 and a beta of 0.55. The firm’s 50 day simple moving average is $1.39 and its 200 day simple moving average is $2.31.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The business had revenue of $34.44 million during the quarter, compared to analysts’ expectations of $33.12 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. On average, equities research analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Institutional Trading of Creative Media & Community Trust Co.

A number of hedge funds have recently added to or reduced their stakes in CMCT. Sequoia Financial Advisors LLC bought a new position in Creative Media & Community Trust Co. in the third quarter valued at about $65,000. Carnegie Investment Counsel bought a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth about $50,000. Calton & Associates Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the third quarter valued at approximately $47,000. EWG Elevate Inc. bought a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $37,000. Finally, International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds 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.