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

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

Creative Media & Community Trust Co. Stock Performance

NASDAQ:CMCT opened at $0.40 on Thursday. The company’s 50-day simple moving average is $1.07 and its 200-day simple moving average is $2.09. Creative Media & Community Trust Co. has a fifty-two week low of $0.36 and a fifty-two week high of $4.40. The stock has a market capitalization of $9.31 million, a P/E ratio of -0.15 and a beta of 0.56.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The business had revenue of $34.44 million for the quarter, compared to the consensus estimate of $33.12 million. During the same period last year, the business posted ($0.17) EPS. On average, research analysts forecast that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Several institutional investors have recently added to or reduced their stakes in CMCT. Arkadios Wealth Advisors acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at about $548,000. PFG Investments LLC acquired a new stake in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $266,000. Sequoia Financial Advisors LLC purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $65,000. Carnegie Investment Counsel acquired a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $50,000. Finally, Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth $47,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.