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

Equities researchers at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Rating) in a research report issued on Monday. The firm set a “hold” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

CMCT stock opened at $7.03 on Monday. The company has a market capitalization of $164.28 million, a P/E ratio of -9.63 and a beta of 0.54. Creative Media & Community Trust Co. has a twelve month low of $6.15 and a twelve month high of $9.39. The business has a 50 day simple moving average of $7.21 and a 200-day simple moving average of $7.37. The company has a current ratio of 5.17, a quick ratio of 5.17 and a debt-to-equity ratio of 3.82.

Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Creative Media & Community Trust Co. had a net margin of 5.28% and a return on equity of 7.33%. During the same period last year, the company earned ($0.55) earnings per share. As a group, equities analysts anticipate that Creative Media & Community Trust Co. will post 0.42 EPS for the current year.

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

Hedge funds have recently modified their holdings of the stock. Koshinski Asset Management Inc. acquired a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth $27,000. FNY Investment Advisers LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the fourth quarter worth $36,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth $78,000. Jane Street Group LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth $99,000. Finally, Ergoteles LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the first quarter worth $99,000. 63.80% of the stock is owned by institutional investors and hedge funds.

Creative Media & Community Trust Co. Company Profile

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Creative Media & Community Trust Corporation is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States (including improving and developing such assets). Its properties are primarily located in Los Angeles and the San Francisco Bay Area.