StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a research note issued on Friday. 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 $1.91 on Friday. The stock’s fifty day moving average is $2.09 and its 200 day moving average is $2.84. Creative Media & Community Trust Co. has a one year low of $1.88 and a one year high of $4.61. The stock has a market cap of $43.52 million, a P/E ratio of -0.58 and a beta of 0.58.
Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million for the quarter, compared to analysts’ expectations of $33.12 million. During the same period last year, the company posted ($0.17) EPS. Analysts predict that Creative Media & Community Trust Co. will post -0.93 EPS for the current year.
Institutional Trading of Creative Media & Community Trust Co.
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.
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