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

StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued to investors on Friday. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Down 11.1 %

Shares of CMCT stock opened at $0.96 on Friday. The company has a market capitalization of $8.32 million, a P/E ratio of -0.33 and a beta of 0.46. Creative Media & Community Trust Co. has a 12-month low of $0.91 and a 12-month high of $44.02. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The firm has a 50-day moving average price of $2.31 and a 200 day moving average price of $11.88.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The firm had revenue of $28.62 million during the quarter. During the same period in the prior year, the company posted ($3.00) EPS. Research analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

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

A number of hedge funds have recently added to or reduced their stakes in CMCT. Cerity Partners LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $1,397,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $548,000. PFG Investments LLC acquired a new position in Creative Media & Community Trust Co. during the 3rd quarter worth $266,000. Sequoia Financial Advisors LLC bought a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at $65,000. Finally, International Assets Investment Management LLC increased its stake 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. Institutional investors 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.