StockNews.com Initiates Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

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

Creative Media & Community Trust Co. Price Performance

NASDAQ:CMCT opened at $6.76 on Friday. Creative Media & Community Trust Co. has a 12-month low of $4.03 and a 12-month high of $757.24. The firm has a market cap of $5.10 million, a price-to-earnings ratio of -0.23 and a beta of 0.70. The company’s 50-day moving average is $6.23 and its two-hundred day moving average is $28.56. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, May 9th. The real estate investment trust reported ($8.85) earnings per share (EPS) for the quarter. The company had revenue of $32.30 million for the quarter. Research analysts expect that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

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

Hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd lifted its position in 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 worth $191,000 after buying an additional 16,763 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Creative Media & Community Trust Co. during the 4th quarter worth about $49,000. Commonwealth Equity Services LLC boosted its position in shares of 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 worth $909,000 after acquiring an additional 3,611,442 shares during the last quarter. LPL Financial LLC boosted its position in shares of Creative Media & Community Trust Co. by 69.5% in the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 51,766 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Creative Media & Community Trust Co. by 229.9% in the fourth quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 432,056 shares during the period. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.