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

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

Creative Media & Community Trust Co. Stock Performance

CMCT stock opened at $0.22 on Friday. The company has a market cap of $19.46 million, a P/E ratio of -0.08 and a beta of 0.56. Creative Media & Community Trust Co. has a 1 year low of $0.21 and a 1 year high of $4.40. 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’s fifty day moving average price is $0.67 and its 200-day moving average price is $1.84.

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

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

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $29,000. EWG Elevate Inc. bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $37,000. Stonebridge Financial Planning Group LLC bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $39,000. Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $47,000. Finally, Carnegie Investment Counsel bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $50,000. 28.34% of the stock is owned by institutional investors.

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.