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

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

Creative Media & Community Trust Co. Stock Performance

Shares of Creative Media & Community Trust Co. stock opened at $0.16 on Tuesday. The firm’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $1.52. The stock has a market capitalization of $13.78 million, a price-to-earnings ratio of -0.06 and a beta of 0.45. Creative Media & Community Trust Co. has a 12 month low of $0.15 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.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced 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 firm had revenue of $28.62 million for the quarter. During the same period in the previous year, the business posted ($0.30) EPS. As a group, equities analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Several institutional investors have recently bought and sold shares of CMCT. International Assets Investment Management LLC acquired a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at $29,000. EWG Elevate Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $37,000. Stonebridge Financial Planning Group LLC acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $39,000. Calton & Associates Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $47,000. Finally, Carnegie Investment Counsel acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth $50,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.