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

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

Creative Media & Community Trust Co. Stock Performance

NASDAQ:CMCT opened at $0.22 on Friday. The company’s 50-day moving average is $0.63 and its two-hundred day moving average is $3.37. Creative Media & Community Trust Co. has a 1-year low of $0.21 and a 1-year high of $44.01. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a market capitalization of $2.95 million, a price-to-earnings ratio of -0.01 and a beta of 0.42.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) EPS for the quarter. The company had revenue of $27.46 million during the quarter. During the same period in the previous year, the firm earned ($6.66) EPS. Analysts forecast that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Institutional Trading of Creative Media & Community Trust Co.

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 51,766 shares during the period. Jane Street Group LLC boosted its position in shares of Creative Media & Community Trust Co. by 658.0% during the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 118,275 shares during the period. International Assets Investment Management LLC increased its holdings in Creative Media & Community Trust Co. by 186.6% in the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 109,425 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Creative Media & Community Trust Co. in the 4th quarter valued at approximately $49,000. Finally, XTX Topco Ltd purchased a new stake in Creative Media & Community Trust Co. in the fourth quarter valued at approximately $84,000. 28.34% of the stock is currently 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.