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

StockNews.com started 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. Price Performance

Shares of NASDAQ:CMCT opened at $6.06 on Thursday. Creative Media & Community Trust Co. has a one year low of $4.03 and a one year high of $789.08. 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 company has a market cap of $4.58 million, a price-to-earnings ratio of -0.21 and a beta of 0.61. The firm has a 50 day simple moving average of $8.65 and a 200 day simple moving average of $39.00.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings results on Friday, March 7th. The real estate investment trust reported ($18.75) EPS for the quarter. The firm had revenue of $27.46 million during the quarter. During the same period in the previous year, the business posted ($166.50) earnings per share. Research analysts predict that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Creative Media & Community Trust Co. during the 1st quarter worth approximately $29,000. LPL Financial LLC grew its stake in shares of Creative Media & Community Trust Co. by 69.5% in the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 51,766 shares during the last quarter. Jane Street Group LLC increased its holdings 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 purchasing an additional 118,275 shares during the period. International Assets Investment Management LLC raised its position in 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 purchasing an additional 109,425 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Creative Media & Community Trust Co. during the 4th quarter worth about $49,000. Institutional investors and hedge funds 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.