Creative Media & Community Trust Co. (NASDAQ:CMCT) Earns Sell Rating from Analysts at StockNews.com

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

Creative Media & Community Trust Co. Stock Performance

NASDAQ CMCT opened at $0.21 on Thursday. The firm has a market capitalization of $18.13 million, a P/E ratio of -0.07 and a beta of 0.45. Creative Media & Community Trust Co. has a fifty-two week low of $0.11 and a fifty-two week high of $4.40. The stock has a 50-day simple moving average of $0.27 and a two-hundred day simple moving average of $1.30. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71.

Shares of Creative Media & Community Trust Co. are scheduled to reverse split on the morning of Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, January 3rd.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly 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 period last year, the firm posted ($0.30) earnings per share. On average, equities analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter worth about $1,397,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $39,000. PFG Investments LLC acquired a new position in Creative Media & Community Trust Co. in the third quarter valued at $266,000. Arkadios Wealth Advisors purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $548,000. Finally, International Assets Investment Management LLC purchased a new stake in Creative Media & Community Trust Co. in the 3rd quarter valued at $29,000. 28.34% of the stock is currently owned by hedge funds and other 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.