Equities research analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a research note issued to investors on Tuesday. 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 note on Thursday, April 11th. They issued a “neutral” rating and a $4.00 target price on the stock.
View Our Latest Stock Analysis on CMCT
Creative Media & Community Trust Co. Trading Up 1.0 %
Institutional Trading of Creative Media & Community Trust Co.
Hedge funds have recently added to or reduced their stakes in the business. Pale Fire Capital SE raised its holdings in shares of Creative Media & Community Trust Co. by 136.4% in the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after purchasing an additional 251,276 shares in the last quarter. Presima Securities ULC bought a new position in Creative Media & Community Trust Co. in the fourth quarter worth approximately $258,000. Victory Capital Management Inc. purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter worth $70,000. Arkadios Wealth Advisors bought a new stake in Creative Media & Community Trust Co. during the 4th quarter valued at $39,000. Finally, First Foundation Advisors increased its holdings in shares of Creative Media & Community Trust Co. by 3.1% in the 3rd quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock valued at $1,580,000 after acquiring an additional 11,612 shares during the period. 28.34% of the stock is owned by hedge funds and other institutional investors.
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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