Research analysts at StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a report issued on Monday. The brokerage set a “sell” rating on the real estate investment trust’s stock.
Separately, B. Riley started coverage on shares of 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.
Check Out Our Latest Research Report on CMCT
Creative Media & Community Trust Co. Stock Performance
Hedge Funds Weigh In On Creative Media & Community Trust Co.
Several institutional investors have recently bought and sold shares of CMCT. Harel Insurance Investments & Financial Services Ltd. bought a new position in Creative Media & Community Trust Co. during the third quarter valued at $4,550,000. Yelin Lapidot Holdings Management Ltd. bought a new position in Creative Media & Community Trust Co. during the third quarter valued at $1,273,000. First Foundation Advisors lifted 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 valued at $1,580,000 after purchasing an additional 11,612 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Co. during the fourth quarter valued at $39,000. Finally, Victory Capital Management Inc. bought a new position in Creative Media & Community Trust Co. during the fourth quarter valued at $70,000. Institutional investors 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.
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