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

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

Creative Media & Community Trust Co. Stock Up 13.9 %

Creative Media & Community Trust Co. stock opened at $0.14 on Wednesday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The firm has a market cap of $12.15 million, a P/E ratio of -0.05 and a beta of 0.45. The business has a fifty day moving average of $0.32 and a two-hundred day moving average of $1.41. Creative Media & Community Trust Co. has a twelve month low of $0.11 and a twelve month high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued 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 company had revenue of $28.62 million during the quarter. During the same quarter in the previous year, the company posted ($0.30) earnings per share. On average, analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Creative Media & Community Trust Co. during the third quarter valued at approximately $29,000. EWG Elevate Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter worth $37,000. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at $39,000. Calton & Associates Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $47,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $50,000. 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.