StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Free Report) in a report published on Tuesday morning. The firm issued a sell rating on the real estate investment trust’s stock.
Creative Media & Community Trust Co. Price Performance
Shares of Creative Media & Community Trust Co. stock opened at $1.97 on Tuesday. Creative Media & Community Trust Co. has a one year low of $1.90 and a one year high of $4.61. The stock’s 50-day moving average is $2.30 and its 200 day moving average is $3.00. The firm has a market cap of $44.89 million, a price-to-earnings ratio of -0.59 and a beta of 0.58.
Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share (EPS) 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 in the previous year, the business posted ($0.17) earnings per share. On average, sell-side analysts expect that Creative Media & Community Trust Co. will post -0.93 EPS for the current fiscal year.
Creative Media & Community Trust Co. Announces Dividend
Institutional Trading of Creative Media & Community Trust Co.
Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in Creative Media & Community Trust Co. during the 4th quarter worth approximately $70,000. Dimensional Fund Advisors LP increased its holdings in shares of Creative Media & Community Trust Co. by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 7,863 shares in the last quarter. Presima Securities ULC acquired a new position in shares of Creative Media & Community Trust Co. during the fourth quarter worth approximately $258,000. Finally, Pale Fire Capital SE lifted its holdings in shares of Creative Media & Community Trust Co. by 136.4% in the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after purchasing an additional 251,276 shares in the last quarter. 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 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.
Recommended Stories
- Five stocks we like better than Creative Media & Community Trust Co.
- What is a Death Cross in Stocks?
- Does A&F’s Q2 Earnings Win Point to a Strong Holiday Season?
- How to Invest in Small Cap StocksÂ
- Best Buy Stock Flashes Bullish Signal, Challenges Remain
- Canada Bond Market Holiday: How to Invest and Trade
- Affirm Shows Buy-Now-Pay-Later Is Here to Stay in Latest Results
Receive News & Ratings for Creative Media & Community Trust Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Creative Media & Community Trust Co. and related companies with MarketBeat.com's FREE daily email newsletter.