Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated by Analysts at StockNews.com

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

Creative Media & Community Trust Co. Price Performance

CMCT opened at $0.96 on Friday. The company has a fifty day moving average price of $2.31 and a two-hundred day moving average price of $11.88. The firm has a market capitalization of $8.32 million, a PE ratio of -0.33 and a beta of 0.46. Creative Media & Community Trust Co. has a 52 week low of $0.91 and a 52 week high of $44.02. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The company had revenue of $28.62 million during the quarter. During the same period in the prior year, the firm earned ($3.00) earnings per share. As a group, analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CMCT. International Assets Investment Management LLC grew its holdings in shares of Creative Media & Community Trust Co. by 186.6% in the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 109,425 shares during the period. Cerity Partners LLC bought a new position in Creative Media & Community Trust Co. during the third quarter worth about $1,397,000. Stonebridge Financial Planning Group LLC bought a new position in Creative Media & Community Trust Co. during the third quarter worth about $39,000. PFG Investments LLC acquired a new position in Creative Media & Community Trust Co. in the third quarter valued at about $266,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth about $548,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.