Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued to investors on Wednesday. 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 $0.18 on Wednesday. Creative Media & Community Trust Co. has a 12 month low of $0.11 and a 12 month high of $4.40. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a market cap of $15.46 million, a PE ratio of -0.06 and a beta of 0.45. The business has a fifty day simple moving average of $0.31 and a 200-day simple moving average of $1.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The business had revenue of $28.62 million during the quarter. During the same quarter last year, the firm posted ($0.30) earnings per share. On average, sell-side analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

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

A number of institutional investors have recently modified their holdings of CMCT. Dimensional Fund Advisors LP increased its stake in shares of Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 7,863 shares during the last quarter. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. in the third quarter valued at about $37,000. Carnegie Investment Counsel acquired a new position in Creative Media & Community Trust Co. in the 3rd quarter worth about $50,000. Calton & Associates Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth about $47,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.