Creative Media & Community Trust Co. (NASDAQ:CMCT) Earns Sell Rating from Analysts at StockNews.com

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

Creative Media & Community Trust Co. Trading Up 4.8%

Shares of NASDAQ:CMCT opened at $6.76 on Friday. The stock has a market capitalization of $5.10 million, a price-to-earnings ratio of -0.23 and a beta of 0.70. Creative Media & Community Trust Co. has a 1-year low of $4.03 and a 1-year high of $757.24. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The company has a 50 day moving average price of $6.23 and a 200 day moving average price of $29.77.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its earnings results on Friday, May 9th. The real estate investment trust reported ($8.85) earnings per share for the quarter. The company had revenue of $32.30 million for the quarter. On average, research analysts anticipate that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

A number of large investors have recently added to or reduced their stakes in CMCT. LPL Financial LLC boosted its holdings in Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 51,766 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Creative Media & Community Trust Co. during the first quarter worth approximately $29,000. Jane Street Group LLC boosted its holdings in Creative Media & Community Trust Co. by 658.0% during the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 118,275 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Creative Media & Community Trust Co. during the fourth quarter worth approximately $49,000. Finally, XTX Topco Ltd acquired a new position in Creative Media & Community Trust Co. in the 4th quarter worth approximately $84,000. 28.34% of the stock is currently owned by institutional investors.

Creative Media & Community Trust Co. Company Profile

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.