Analysts at StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a research report issued on Saturday. The firm set a “sell” rating on the real estate investment trust’s stock.
Creative Media & Community Trust Co. Price Performance
NASDAQ:CMCT opened at $0.63 on Friday. The company has a market cap of $14.34 million, a P/E ratio of -0.19 and a beta of 0.58. Creative Media & Community Trust Co. has a 1 year low of $0.62 and a 1 year high of $4.40. The stock’s fifty day moving average price is $2.00 and its two-hundred day moving average price is $2.77.
Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) last released its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million during the quarter, compared to analyst estimates of $33.12 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. On average, analysts expect that Creative Media & Community Trust Co. will post -1.24 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Creative Media & Community Trust Co.
About Creative Media & Community Trust Co.
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.
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