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 released on Tuesday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Up 1.9 %

CMCT stock opened at $5.24 on Tuesday. The firm has a market cap of $69.53 million, a PE ratio of -0.18 and a beta of 0.61. Creative Media & Community Trust Co. has a one year low of $4.74 and a one year high of $906.73. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The firm’s 50 day moving average price is $11.78 and its 200-day moving average price is $50.39.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings results on Friday, March 7th. The real estate investment trust reported ($18.75) EPS for the quarter. The firm had revenue of $27.46 million during the quarter. During the same period last year, the firm posted ($166.50) EPS. On average, equities research analysts anticipate that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

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

Several large investors have recently made changes to their positions in CMCT. Commonwealth Equity Services LLC raised its position in Creative Media & Community Trust Co. by 843.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock valued at $909,000 after purchasing an additional 3,611,442 shares during the period. Cerity Partners LLC lifted its stake in Creative Media & Community Trust Co. by 27.5% during the 4th quarter. Cerity Partners LLC now owns 3,623,573 shares of the real estate investment trust’s stock worth $818,000 after acquiring an additional 781,837 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in Creative Media & Community Trust Co. by 2.0% during the 4th quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 16,763 shares during the period. Renaissance Technologies LLC grew its position in Creative Media & Community Trust Co. by 1,228.7% in the 4th quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 643,535 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Creative Media & Community Trust Co. by 229.9% during the fourth quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 432,056 shares during the period. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.