Creative Media & Community Trust Co. (NASDAQ:CMCT) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report published on Friday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ CMCT opened at $0.96 on Friday. 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 one year low of $0.91 and a one year high of $44.02. The firm has a market capitalization of $8.32 million, a P/E ratio of -0.33 and a beta of 0.46. The company’s fifty day moving average is $2.31 and its two-hundred day moving average is $11.69.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The business had revenue of $28.62 million for the quarter. During the same quarter in the previous year, the company earned ($3.00) earnings per share. Analysts forecast that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 7,863 shares in the last quarter. EWG Elevate Inc. bought a new position in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $37,000. Carnegie Investment Counsel acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth approximately $50,000. Calton & Associates Inc. bought a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $47,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $65,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

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.