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

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

Creative Media & Community Trust Co. Stock Performance

Shares of CMCT opened at $0.16 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The firm has a market cap of $14.05 million, a PE ratio of -0.06 and a beta of 0.45. Creative Media & Community Trust Co. has a 12 month low of $0.15 and a 12 month high of $4.40. The stock has a fifty day moving average price of $0.35 and a 200-day moving average price of $1.49.

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) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The business had revenue of $28.62 million during the quarter. During the same period in the prior year, the firm earned ($0.30) earnings per share. Equities research analysts predict that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Several hedge funds have recently made changes to their positions in CMCT. Cerity Partners LLC purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at about $1,397,000. Arkadios Wealth Advisors purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $548,000. PFG Investments LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $266,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $65,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth $50,000. 28.34% of the stock is owned by institutional investors and hedge funds.

About Creative Media & Community Trust Co.

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.