Creative Media & Community Trust Co. (NASDAQ:CMCT) Research Coverage Started at StockNews.com

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

Creative Media & Community Trust Co. Trading Down 8.8 %

NASDAQ CMCT opened at $0.15 on Tuesday. 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 firm has a market cap of $12.82 million, a price-to-earnings ratio of -0.05 and a beta of 0.45. The firm has a 50 day simple moving average of $0.34 and a 200-day simple moving average of $1.48. Creative Media & Community Trust Co. has a one year low of $0.15 and a one year high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The business had revenue of $28.62 million for the quarter. During the same period in the prior year, the business earned ($0.30) earnings per share. Equities research analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

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

Several large investors have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter worth about $1,397,000. Arkadios Wealth Advisors purchased a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $548,000. PFG Investments LLC purchased a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $266,000. Sequoia Financial Advisors LLC acquired a new position in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $65,000. Finally, Carnegie Investment Counsel purchased a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $50,000. Hedge funds and other 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.