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

Stock analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report issued on Saturday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ CMCT opened at $0.25 on Friday. 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 company’s 50-day moving average price is $0.69 and its 200 day moving average price is $4.04. Creative Media & Community Trust Co. has a 52 week low of $0.22 and a 52 week high of $44.01. The stock has a market cap of $3.27 million, a price-to-earnings ratio of -0.01 and a beta of 0.42.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share (EPS) for the quarter. The business had revenue of $27.46 million for the quarter. During the same period in the prior year, the firm earned ($6.66) EPS. As a group, research analysts forecast that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd boosted its stake in shares of Creative Media & Community Trust Co. by 2.0% during the fourth quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 16,763 shares during the last quarter. LPL Financial LLC raised its stake in Creative Media & Community Trust Co. by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 51,766 shares during the last quarter. International Assets Investment Management LLC raised its stake in 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 purchasing an additional 109,425 shares during the last quarter. Jane Street Group LLC lifted its holdings in Creative Media & Community Trust Co. by 658.0% in the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 118,275 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter worth about $49,000. 28.34% of the stock is owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.