Analysts at StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a research note issued on Monday. The firm set a “sell” rating on the real estate investment trust’s stock.
Creative Media & Community Trust Co. Stock Down 6.8 %
Shares of CMCT opened at $2.07 on Monday. Creative Media & Community Trust Co. has a 12-month low of $2.04 and a 12-month high of $4.65. The firm has a market capitalization of $47.17 million, a PE ratio of -0.62 and a beta of 0.58. The stock’s fifty day simple moving average is $2.40 and its 200-day simple moving average is $3.07.
Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) last released its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The business had revenue of $34.44 million during the quarter, compared to analysts’ expectations of $33.12 million. During the same quarter last year, the firm earned ($0.17) earnings per share. Analysts anticipate that Creative Media & Community Trust Co. will post -0.93 EPS for the current year.
Hedge Funds Weigh In On Creative Media & Community Trust Co.
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.
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