StockNews.com Begins Coverage on Creative Media & Community Trust Co. (NASDAQ:CMCT)

StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note released on Monday morning. The brokerage issued a sell rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock opened at $0.26 on Monday. Creative Media & Community Trust Co. has a 52 week low of $0.21 and a 52 week high of $38.62. The business has a 50-day simple moving average of $0.56 and a 200 day simple moving average of $2.57. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a market cap of $3.42 million, a price-to-earnings ratio of -0.01 and a beta of 0.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share (EPS) for the quarter. The firm had revenue of $27.46 million during the quarter. During the same quarter in the prior year, the firm posted ($6.66) earnings per share. On average, research analysts forecast that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in shares of Creative Media & Community Trust Co. by 69.5% during the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 51,766 shares during the last quarter. Jane Street Group LLC increased its stake in Creative Media & Community Trust Co. by 658.0% in the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 118,275 shares during the last quarter. International Assets Investment Management LLC raised its position in 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 valued at $35,000 after purchasing an additional 109,425 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Creative Media & Community Trust Co. during the fourth quarter worth about $49,000. Finally, XTX Topco Ltd purchased a new position in shares of Creative Media & Community Trust Co. in the 4th quarter worth about $84,000. Institutional investors own 28.34% of the company’s stock.

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.