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

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

Creative Media & Community Trust Co. Stock Down 7.1 %

Shares of CMCT opened at $0.21 on Thursday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. Creative Media & Community Trust Co. has a 52-week low of $0.11 and a 52-week high of $4.40. The company has a market cap of $18.13 million, a PE ratio of -0.07 and a beta of 0.45. The business has a fifty day moving average of $0.27 and a 200 day moving average of $1.30.

Creative Media & Community Trust Co.’s stock is going to reverse split on Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, January 3rd.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The company had revenue of $28.62 million for the quarter. During the same period in the prior year, the firm posted ($0.30) EPS. On average, sell-side analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at about $29,000. Cerity Partners LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at $1,397,000. Carnegie Investment Counsel purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter worth $50,000. Calton & Associates Inc. purchased a new stake in Creative Media & Community Trust Co. in the third quarter valued at about $47,000. Finally, EWG Elevate Inc. acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth about $37,000. Hedge funds and other 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.