Investment analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) 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 – Get Free Report) 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.
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.
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