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

Analysts at B. Riley began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued to investors on Thursday, StockNewsAPI reports. The brokerage set a “neutral” rating and a $4.00 price target on the real estate investment trust’s stock. B. Riley’s price target would suggest a potential upside of 2.56% from the company’s current price.

Separately, StockNews.com began coverage on shares of Creative Media & Community Trust Co. in a research note on Friday, April 5th. They issued a “sell” rating for the company.

Creative Media & Community Trust Co. Stock Performance

Shares of Creative Media & Community Trust Co. stock opened at $3.90 on Thursday. The firm has a fifty day simple moving average of $3.68 and a 200-day simple moving average of $3.79. Creative Media & Community Trust Co. has a 1-year low of $3.19 and a 1-year high of $5.80.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in Creative Media & Community Trust Co. during the third quarter worth $4,550,000. Pale Fire Capital SE increased its position in Creative Media & Community Trust Co. by 136.4% during the fourth quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after acquiring an additional 251,276 shares during the period. First Foundation Advisors increased its position in Creative Media & Community Trust Co. by 3.1% during the third quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock worth $1,580,000 after acquiring an additional 11,612 shares during the period. Yelin Lapidot Holdings Management Ltd. bought a new position in Creative Media & Community Trust Co. during the third quarter worth $1,273,000. Finally, Dimensional Fund Advisors LP increased its position in Creative Media & Community Trust Co. by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 96,084 shares of the real estate investment trust’s stock worth $744,000 after acquiring an additional 1,632 shares during the period. Institutional investors own 28.34% of the company’s stock.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation (formerly known as CIM Commercial 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.