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

by · The Cerbat Gem

Research analysts at StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

Shares of NASDAQ:CMCT opened at $0.71 on Friday. The business has a 50-day moving average price of $1.77 and a 200-day moving average price of $2.60. The stock has a market cap of $16.46 million, a price-to-earnings ratio of -0.21 and a beta of 0.55. Creative Media & Community Trust Co. has a 52-week low of $0.42 and a 52-week high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The company had revenue of $34.44 million during the quarter, compared to the consensus estimate of $33.12 million. During the same period in the prior year, the company posted ($0.17) EPS. As a group, equities analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

A hedge fund recently bought a new stake in Creative Media & Community Trust Co. stock. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. (NASDAQ:CMCT – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 74,940 shares of the real estate investment trust’s stock, valued at approximately $37,000. EWG Elevate Inc. owned about 0.32% of Creative Media & Community Trust Co. at the end of the most recent reporting period. Institutional investors and hedge funds own 28.34% of the company’s stock.

About Creative Media & Community Trust Co.

(Get Free Report)

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.

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