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

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

Creative Media & Community Trust Co. Stock Performance

CMCT opened at $0.25 on Friday. The company’s 50 day moving average is $0.62 and its 200 day moving average is $3.24. The company has a market cap of $3.33 million, a price-to-earnings ratio of -0.01 and a beta of 0.42. Creative Media & Community Trust Co. has a 12-month low of $0.21 and a 12-month high of $44.01. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share (EPS) for the quarter. The company had revenue of $27.46 million during the quarter. During the same quarter in the prior year, the firm posted ($6.66) earnings per share. On average, equities research analysts predict that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its holdings in shares of Creative Media & Community Trust Co. by 843.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock worth $909,000 after purchasing an additional 3,611,442 shares during the last quarter. Cerity Partners LLC bought a new stake in Creative Media & Community Trust Co. during the third quarter worth approximately $1,397,000. Renaissance Technologies LLC raised its position in Creative Media & Community Trust Co. by 1,228.7% during the fourth quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 643,535 shares during the period. Geode Capital Management LLC raised its holdings in Creative Media & Community Trust Co. by 229.9% during the 4th quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 432,056 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Creative Media & Community Trust Co. in the 4th quarter worth about $84,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

About Creative Media & Community Trust Co.

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.