Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Up 39.4 %

Shares of NASDAQ:CMCT opened at $0.23 on Thursday. Creative Media & Community Trust Co. has a 12-month low of $0.11 and a 12-month high of $4.40. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The firm has a market cap of $19.51 million, a PE ratio of -0.08 and a beta of 0.45. The company has a fifty day simple moving average of $0.28 and a 200 day simple moving average of $1.30.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The business had revenue of $28.62 million during the quarter. During the same quarter in the prior year, the firm posted ($0.30) EPS. On average, equities research analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMCT. International Assets Investment Management LLC bought a new position in Creative Media & Community Trust Co. in the third quarter worth about $29,000. EWG Elevate Inc. acquired a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $37,000. Stonebridge Financial Planning Group LLC bought a new position in Creative Media & Community Trust Co. during the 3rd quarter worth $39,000. Calton & Associates Inc. acquired a new stake in Creative Media & Community Trust Co. in the third 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 about $50,000. 28.34% of the stock is currently owned by 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.