Creative Media & Community Trust Co. (NASDAQ:CMCT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report released on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of CMCT stock opened at $0.17 on Thursday. Creative Media & Community Trust Co. has a twelve month low of $0.11 and a twelve month high of $4.40. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $12.76. The stock has a market capitalization of $15.09 million, a price-to-earnings ratio of -0.06 and a beta of 0.46.

Creative Media & Community Trust Co.’s stock is scheduled to reverse split on the morning of Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, January 3rd.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The business had revenue of $28.62 million for the quarter. During the same quarter in the prior year, the business posted ($3.00) EPS. On average, analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

A number of hedge funds have recently bought and sold shares of CMCT. Cerity Partners LLC bought a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $1,397,000. International Assets Investment Management LLC purchased a new position in Creative Media & Community Trust Co. in the third quarter valued at about $29,000. Carnegie Investment Counsel bought a new position in Creative Media & Community Trust Co. in the third quarter worth about $50,000. Calton & Associates Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at about $47,000. Finally, EWG Elevate Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

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.