Commonwealth Equity Services LLC Buys 3,611,442 Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT)

Commonwealth Equity Services LLC raised its stake in shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) by 843.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,039,660 shares of the real estate investment trust’s stock after buying an additional 3,611,442 shares during the period. Commonwealth Equity Services LLC owned about 0.47% of Creative Media & Community Trust Co. worth $909,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd grew its position in Creative Media & Community Trust Co. by 2.0% during the fourth quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 16,763 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Creative Media & Community Trust Co. by 186.6% during the 4th 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. bought a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter valued at $49,000. Finally, Cerity Partners LLC purchased a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $1,397,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Trading Down 1.2 %

Creative Media & Community Trust Co. stock opened at $0.26 on Friday. Creative Media & Community Trust Co. has a 12-month low of $0.21 and a 12-month high of $40.48. The firm has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.01 and a beta of 0.62. The firm has a 50 day moving average of $0.58 and a 200 day moving average of $3.06. 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. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) EPS for the quarter. The firm had revenue of $27.46 million for the quarter. During the same quarter in the prior year, the business posted ($6.66) EPS. As a group, research analysts predict that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Creative Media & Community Trust Co. in a research report on Sunday, March 30th. They set a “sell” rating on the stock.

Creative Media & Community Trust Co. 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.