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

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

Creative Media & Community Trust Co. Trading Up 7.0 %

Shares of NASDAQ CMCT opened at $0.31 on Friday. Creative Media & Community Trust Co. has a 1-year low of $0.28 and a 1-year high of $4.40. The company has a 50-day moving average of $0.90 and a two-hundred day moving average of $1.98. The company has a market cap of $7.11 million, a PE ratio of -0.11 and a beta of 0.56. The company has a current ratio of 2.71, a quick ratio of 3.49 and a debt-to-equity ratio of 438.44.

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 firm had revenue of $28.62 million during the quarter. During the same period in the previous year, the company posted ($0.30) earnings per share. As a group, equities analysts expect 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.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of Creative Media & Community Trust Co. by 13.7% during 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 during the period. International Assets Investment Management LLC bought a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $29,000. EWG Elevate Inc. acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth $37,000. Stonebridge Financial Planning Group LLC bought a new position in Creative Media & Community Trust Co. during the third quarter worth about $39,000. Finally, Calton & Associates Inc. acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $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.