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

StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report issued on Monday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Up 8.1 %

CMCT opened at $0.22 on Monday. The firm’s 50-day simple moving average is $0.41 and its 200-day simple moving average is $1.60. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. Creative Media & Community Trust Co. has a twelve month low of $0.18 and a twelve month high of $4.40. The firm has a market cap of $19.19 million, a price-to-earnings ratio of -0.08 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The firm had revenue of $28.62 million for the quarter. During the same period last year, the business posted ($0.30) EPS. Equities research 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.

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth about $29,000. EWG Elevate Inc. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth about $37,000. Stonebridge Financial Planning Group LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth about $39,000. Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth about $47,000. Finally, Carnegie Investment Counsel bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth about $50,000. Institutional investors own 28.34% of the company’s stock.

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.