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

Analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCTGet Free Report) in a note issued to investors on Wednesday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Down 1.4 %

CMCT stock traded down $0.05 during trading on Wednesday, reaching $3.51. The stock had a trading volume of 3,292 shares, compared to its average volume of 7,444. The stock’s 50 day moving average is $3.73 and its two-hundred day moving average is $4.08. Creative Media & Community Trust Co. has a 52 week low of $3.28 and a 52 week high of $5.80. The firm has a market cap of $79.99 million, a PE ratio of -1.17 and a beta of 0.54.

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

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. bought a new stake in shares of Creative Media & Community Trust Co. during the 1st quarter worth approximately $78,000. Arkadios Wealth Advisors bought a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter worth approximately $39,000. Jane Street Group LLC bought a new stake in Creative Media & Community Trust Co. during the 1st quarter valued at $99,000. Ergoteles LLC bought a new stake in Creative Media & Community Trust Co. during the 1st quarter valued at $99,000. Finally, Covestor Ltd bought a new stake in Creative Media & Community Trust Co. during the 1st quarter valued at $103,000. 73.10% of the stock is owned by institutional investors.

About Creative Media & Community Trust Co.

(Get Free Report)

Creative Media & Community Trust Corporation (formerly known as CIM Commercial 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.

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