Creative Media & Community Trust Co. (NASDAQ:CMCT) Research Coverage Started at StockNews.com

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

Creative Media & Community Trust Co. Stock Down 2.9 %

Shares of NASDAQ:CMCT opened at $0.17 on Wednesday. The company has a market capitalization of $15.01 million, a price-to-earnings ratio of -0.06 and a beta of 0.45. The company has a 50 day moving average of $0.29 and a two-hundred day moving average of $1.37. Creative Media & Community Trust Co. has a 52-week low of $0.11 and a 52-week high of $4.40. 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. (NASDAQ:CMCT) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The company had revenue of $28.62 million for the quarter. During the same quarter last year, the business posted ($0.30) earnings per share. As a group, analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $29,000. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $1,397,000. Carnegie Investment Counsel bought a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth $50,000. Calton & Associates Inc. acquired a new stake in Creative Media & Community Trust Co. in the third quarter valued at $47,000. Finally, EWG Elevate Inc. bought a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

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.