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

StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report published on Wednesday. The firm issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Up 13.9 %

Shares of CMCT opened at $0.14 on Wednesday. The company’s fifty day simple moving average is $0.32 and its 200-day simple moving average is $1.41. The company has a market cap of $12.15 million, a P/E ratio of -0.05 and a beta of 0.45. 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. has a twelve month low of $0.11 and a twelve month high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The company had revenue of $28.62 million for the quarter. During the same period last year, the company posted ($0.30) EPS. As a group, analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

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

Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Creative Media & Community Trust Co. by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 7,863 shares during the period. International Assets Investment Management LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at about $29,000. EWG Elevate Inc. purchased a new stake in Creative Media & Community Trust Co. in the 3rd quarter valued at about $37,000. Stonebridge Financial Planning Group LLC bought a new position in Creative Media & Community Trust Co. in the 3rd quarter worth about $39,000. Finally, Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $47,000. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

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.