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

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

Creative Media & Community Trust Co. Stock Performance

CMCT stock opened at $0.17 on Wednesday. The stock’s 50 day simple moving average is $0.29 and its 200 day simple moving average is $1.37. Creative Media & Community Trust Co. has a 12-month low of $0.11 and a 12-month high of $4.40. The firm has a market cap of $15.01 million, a P/E ratio of -0.06 and a beta of 0.45. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (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 prior year, the company posted ($0.30) EPS. As a group, equities research analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Institutional Trading of Creative Media & Community Trust Co.

A number of institutional investors and hedge funds have recently made changes to their positions in CMCT. Dimensional Fund Advisors LP boosted its position in Creative Media & Community Trust Co. by 13.7% during the 2nd 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 during the period. International Assets Investment Management LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at $29,000. EWG Elevate Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at $37,000. Stonebridge Financial Planning Group LLC bought a new position in shares of Creative Media & Community Trust Co. during the third quarter worth about $39,000. Finally, Calton & Associates Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth about $47,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

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.