Creative Media & Community Trust Co. (NASDAQ:CMCT) Now Covered by Analysts at StockNews.com

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

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock opened at $0.18 on Tuesday. Creative Media & Community Trust Co. has a one year low of $0.18 and a one year high of $4.40. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The business has a fifty day moving average of $0.38 and a two-hundred day moving average of $1.54. The company has a market cap of $15.50 million, a P/E ratio of -0.06 and a beta of 0.45.

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 analysts’ consensus estimates of ($0.36) by ($0.86). The business had revenue of $28.62 million during the quarter. During the same period in the prior year, the company earned ($0.30) earnings per share. As a group, analysts predict that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

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