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

Analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report issued on Friday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Performance

NASDAQ CMCT opened at $2.06 on Friday. Creative Media & Community Trust Co. has a one year low of $1.88 and a one year high of $4.61. The company has a 50-day simple moving average of $2.08 and a 200-day simple moving average of $2.83. The firm has a market capitalization of $46.95 million, a PE ratio of -0.62 and a beta of 0.58.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The firm had revenue of $34.44 million for the quarter, compared to the consensus estimate of $33.12 million. During the same period in the prior year, the company posted ($0.17) earnings per share. Equities analysts forecast that Creative Media & Community Trust Co. will post -1.24 earnings per share for the current year.

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

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Creative Media & Community Trust Co. by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 7,863 shares in the last quarter. Pale Fire Capital SE boosted its position in Creative Media & Community Trust Co. by 136.4% during the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock worth $1,607,000 after acquiring an additional 251,276 shares during the last quarter. Presima Securities ULC acquired a new position in Creative Media & Community Trust Co. during the 4th quarter worth approximately $258,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the 4th quarter valued at approximately $70,000. 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.