Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Trading Down 4.4 %

NASDAQ CMCT opened at $0.56 on Monday. The stock has a market cap of $12.76 million, a PE ratio of -0.17 and a beta of 0.55. Creative Media & Community Trust Co. has a 12 month low of $0.42 and a 12 month high of $4.40. The company’s 50-day moving average price is $1.58 and its 200-day moving average price is $2.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The business had revenue of $34.44 million for the quarter, compared to analyst estimates of $33.12 million. During the same quarter in the prior year, the company earned ($0.17) EPS. As a group, sell-side analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

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

Several institutional investors have recently made changes to their positions in the company. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $37,000. Carnegie Investment Counsel bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $50,000. Finally, Dimensional Fund Advisors LP grew its stake in Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 7,863 shares during the last quarter. 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.