StockNews.com Initiates Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

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

Creative Media & Community Trust Co. Stock Up 0.6%

Shares of NASDAQ:CMCT opened at $6.59 on Friday. Creative Media & Community Trust Co. has a 1 year low of $4.03 and a 1 year high of $767.04. The business has a 50 day simple moving average of $7.35 and a two-hundred day simple moving average of $32.53. The firm has a market capitalization of $4.98 million, a PE ratio of -0.23 and a beta of 0.70. 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. (NASDAQ:CMCT) last announced its earnings results on Friday, May 9th. The real estate investment trust reported ($8.85) earnings per share (EPS) for the quarter. The business had revenue of $32.30 million during the quarter. On average, equities analysts predict that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Large investors have recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of 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 purchasing an additional 51,766 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Creative Media & Community Trust Co. during the first quarter worth $29,000. Jane Street Group LLC increased its position in shares of 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 purchasing an additional 118,275 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Creative Media & Community Trust Co. by 186.6% during the fourth quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 109,425 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the fourth quarter worth $49,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.