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

StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report released on Sunday morning. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock opened at $0.22 on Friday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a 52-week low of $0.21 and a 52-week high of $44.01. The firm has a market cap of $2.95 million, a PE ratio of -0.01 and a beta of 0.42. The company’s 50 day moving average is $0.63 and its two-hundred day moving average is $3.37.

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in Creative Media & Community Trust Co. by 843.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock valued at $909,000 after acquiring an additional 3,611,442 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $1,397,000. Renaissance Technologies LLC raised its holdings in shares of Creative Media & Community Trust Co. by 1,228.7% in the 4th quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 643,535 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Creative Media & Community Trust Co. by 229.9% during the 4th quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 432,056 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Creative Media & Community Trust Co. during the fourth quarter worth $84,000. 28.34% of the stock is owned by institutional investors and hedge funds.

About Creative Media & Community Trust Co.

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.