Creative Media & Community Trust Co. (NASDAQ:CMCT) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report issued on Sunday. The firm set a “sell” rating on the real estate investment trust’s stock.

Separately, B. Riley started coverage on Creative Media & Community Trust Co. in a research report on Thursday, April 11th. They set a “neutral” rating and a $4.00 target price for the company.

Creative Media & Community Trust Co. Stock Up 2.1 %

Shares of CMCT stock opened at $3.39 on Friday. The firm has a market cap of $77.25 million, a price-to-earnings ratio of -1.01 and a beta of 0.51. Creative Media & Community Trust Co. has a 12 month low of $3.19 and a 12 month high of $5.54. The stock has a 50-day moving average price of $3.69 and a 200 day moving average price of $3.76.

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

Several institutional investors have recently modified their holdings of CMCT. Bank of New York Mellon Corp grew its position in shares of Creative Media & Community Trust Co. by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 48,580 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 2,848 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Creative Media & Community Trust Co. by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 96,084 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 1,632 shares during the period. Covestor Ltd acquired a new position in shares of Creative Media & Community Trust Co. in the 1st quarter valued at approximately $103,000. Ergoteles LLC acquired a new position in shares of Creative Media & Community Trust Co. in the 1st quarter valued at approximately $99,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the 1st quarter valued at approximately $78,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

About Creative Media & Community Trust Co.

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.