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

Stock analysts at StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued to investors on Saturday. The firm set 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 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 fifty-two week low of $0.22 and a fifty-two week high of $44.01. The firm has a 50-day simple moving average of $0.69 and a 200-day simple moving average of $4.04. The company has a market capitalization of $3.27 million, a price-to-earnings ratio of -0.01 and a beta of 0.42.

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of Creative Media & Community Trust Co. by 69.5% during 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. Jane Street Group LLC lifted its stake in shares of 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 valued at $31,000 after purchasing an additional 118,275 shares during the period. International Assets Investment Management LLC boosted its holdings in Creative Media & Community Trust Co. by 186.6% during the fourth quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 109,425 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Creative Media & Community Trust Co. during the fourth quarter worth about $49,000. Finally, XTX Topco Ltd acquired a new position in Creative Media & Community Trust Co. during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.