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

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

Creative Media & Community Trust Co. Stock Up 1.1 %

CMCT stock opened at $5.30 on Tuesday. The firm has a 50-day moving average price of $11.54 and a 200-day moving average price of $50.08. Creative Media & Community Trust Co. has a 12 month low of $4.74 and a 12 month high of $899.21. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a market capitalization of $70.33 million, a P/E ratio of -0.18 and a beta of 0.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, March 7th. The real estate investment trust reported ($18.75) EPS for the quarter. The business had revenue of $27.46 million during the quarter. During the same period in the prior year, the firm earned ($166.50) earnings per share. As a group, equities research analysts anticipate that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in Creative Media & Community Trust Co. by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 51,766 shares during the period. Jane Street Group LLC grew its position in shares of Creative Media & Community Trust Co. by 658.0% in the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 118,275 shares during the last quarter. International Assets Investment Management LLC raised 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 acquiring an additional 109,425 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the fourth quarter worth approximately $49,000. Finally, XTX Topco Ltd acquired a new position in shares of Creative Media & Community Trust Co. in the fourth quarter worth approximately $84,000. 28.34% of the stock is currently 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.