Creative Media & Community Trust Co. (NASDAQ:CMCT) Receives New Coverage from Analysts at StockNews.com

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

Separately, B. Riley assumed coverage on shares of Creative Media & Community Trust Co. in a research report on Thursday, April 11th. They set a “neutral” rating and a $4.00 price objective on the stock.

Creative Media & Community Trust Co. Trading Down 1.3 %

NASDAQ:CMCT opened at $3.01 on Tuesday. The stock has a 50-day moving average price of $3.65 and a 200 day moving average price of $3.69. Creative Media & Community Trust Co. has a 12-month low of $3.00 and a 12-month high of $5.54. The stock has a market capitalization of $68.62 million, a P/E ratio of -0.90 and a beta of 0.55.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors bought a new stake in Creative Media & Community Trust Co. in the 4th quarter worth approximately $39,000. Victory Capital Management Inc. bought a new stake in Creative Media & Community Trust Co. in the fourth quarter worth $70,000. Presima Securities ULC purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter valued at $258,000. Yelin Lapidot Holdings Management Ltd. purchased a new stake in Creative Media & Community Trust Co. during the third quarter valued at $1,273,000. Finally, First Foundation Advisors lifted its position in Creative Media & Community Trust Co. by 3.1% during the third quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 11,612 shares during the last quarter. 28.34% of the stock is owned by institutional investors.

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.