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

Stock analysts at StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report issued on Friday. The brokerage set 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 $0.96 on Friday. 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 cap of $8.32 million, a price-to-earnings ratio of -0.33 and a beta of 0.46. The stock’s 50-day moving average is $2.31 and its 200-day moving average is $11.79. Creative Media & Community Trust Co. has a one year low of $0.91 and a one year high of $44.02.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The business had revenue of $28.62 million during the quarter. During the same period in the previous year, the business posted ($3.00) EPS. Equities analysts predict that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

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

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