StockNews.com Initiates Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

Equities research analysts at StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued on Wednesday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ:CMCT opened at $0.14 on Wednesday. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The stock has a market capitalization of $12.15 million, a P/E ratio of -0.05 and a beta of 0.45. The business has a 50-day moving average of $0.32 and a two-hundred day moving average of $1.42. Creative Media & Community Trust Co. has a fifty-two week low of $0.11 and a fifty-two week high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The company had revenue of $28.62 million for the quarter. During the same quarter in the previous year, the company posted ($0.30) earnings per share. On average, equities research analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Creative Media & Community Trust Co. by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 7,863 shares in the last quarter. EWG Elevate Inc. acquired 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 shares of Creative Media & Community Trust Co. in the 3rd quarter worth approximately $50,000. Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $47,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $65,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.