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

Stock analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCTGet Free Report) in a research note issued to investors on Friday. The firm set a “sell” rating on the real estate investment trust’s stock.

Separately, B. Riley initiated coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday, April 11th. They issued a “neutral” rating and a $4.00 price target on the stock.

Get Our Latest Report on CMCT

Creative Media & Community Trust Co. Stock Performance

CMCT stock opened at $2.85 on Friday. The company’s fifty day moving average price is $3.43 and its 200-day moving average price is $3.58. Creative Media & Community Trust Co. has a one year low of $2.84 and a one year high of $5.54. The company has a market capitalization of $64.95 million, a PE ratio of -0.86 and a beta of 0.55.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Pale Fire Capital SE lifted its holdings in shares of Creative Media & Community Trust Co. by 136.4% in the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after acquiring an additional 251,276 shares during the last quarter. First Foundation Advisors increased its position in shares of Creative Media & Community Trust Co. by 3.1% during the 3rd quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 11,612 shares during the last quarter. Presima Securities ULC purchased a new stake in Creative Media & Community Trust Co. during the 4th quarter valued at $258,000. Victory Capital Management Inc. purchased a new stake in Creative Media & Community Trust Co. during the 4th quarter valued at $70,000. Finally, Arkadios Wealth Advisors purchased a new position in Creative Media & Community Trust Co. during the fourth quarter worth $39,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Creative Media & Community Trust Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Creative Media & Community Trust Co. and related companies with MarketBeat.com's FREE daily email newsletter.