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

StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a 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

NASDAQ CMCT opened at $0.22 on Friday. Creative Media & Community Trust Co. has a 12 month low of $0.21 and a 12 month high of $4.40. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a market capitalization of $19.46 million, a PE ratio of -0.08 and a beta of 0.56. The company’s 50 day simple moving average is $0.71 and its 200 day simple moving average is $1.87.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings data 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 company had revenue of $28.62 million for the quarter. During the same quarter last year, the firm earned ($0.30) EPS. As a group, equities research analysts forecast that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $29,000. Dimensional Fund Advisors LP lifted its holdings in shares of Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 7,863 shares in the last quarter. EWG Elevate Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth $39,000. Finally, Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at $47,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.