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

Stock analysts at StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Down 6.0 %

Creative Media & Community Trust Co. stock opened at $0.21 on Tuesday. The stock has a market capitalization of $2.73 million, a PE ratio of -0.01 and a beta of 0.61. The business has a 50 day simple moving average of $0.48 and a 200-day simple moving average of $2.03. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. Creative Media & Community Trust Co. has a 12 month low of $5.00 and a 12 month high of $923.88.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share for the quarter. The company had revenue of $27.46 million for the quarter. During the same period last year, the firm posted ($6.66) EPS. On average, analysts anticipate that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

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

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC grew its stake in Creative Media & Community Trust Co. by 69.5% during the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 51,766 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Creative Media & Community Trust Co. by 658.0% during the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 118,275 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Creative Media & Community Trust Co. by 186.6% in the fourth quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 109,425 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the fourth quarter valued at approximately $49,000. Finally, XTX Topco Ltd acquired a new position in Creative Media & Community Trust Co. during the fourth quarter worth $84,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.