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

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

Creative Media & Community Trust Co. Stock Performance

Shares of NASDAQ CMCT opened at $2.06 on Friday. The stock’s fifty day moving average is $2.08 and its 200 day moving average is $2.83. The stock has a market capitalization of $46.95 million, a P/E ratio of -0.62 and a beta of 0.58. Creative Media & Community Trust Co. has a 52 week low of $1.88 and a 52 week high of $4.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly 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 firm had revenue of $34.44 million during the quarter, compared to analysts’ expectations of $33.12 million. During the same quarter last year, the firm earned ($0.17) earnings per share. Equities research analysts forecast that Creative Media & Community Trust Co. will post -1.24 earnings per share for the current year.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in Creative Media & Community Trust Co. during the fourth quarter worth $70,000. Dimensional Fund Advisors LP lifted its position in shares of Creative Media & Community Trust Co. by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 7,863 shares during the last quarter. Presima Securities ULC bought a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter valued at $258,000. Finally, Pale Fire Capital SE raised its stake in shares of Creative Media & Community Trust Co. by 136.4% during the 4th quarter. Pale Fire Capital SE now owns 435,472 shares of the real estate investment trust’s stock valued at $1,607,000 after purchasing an additional 251,276 shares during the period. 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.