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

Investment analysts at StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a report issued on Sunday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Stock Up 12.9 %

CMCT stock opened at $0.25 on Friday. The stock has a 50-day simple moving average of $0.62 and a two-hundred day simple moving average of $3.24. The firm has a market capitalization of $3.33 million, a PE ratio of -0.01 and a beta of 0.42. Creative Media & Community Trust Co. has a twelve month low of $0.21 and a twelve month high of $44.01. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share (EPS) for the quarter. The company had revenue of $27.46 million during the quarter. During the same quarter last year, the business earned ($6.66) earnings per share. On average, equities analysts predict that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its stake in Creative Media & Community Trust Co. by 658.0% during the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 118,275 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Creative Media & Community Trust Co. in the fourth quarter worth $84,000. Renaissance Technologies LLC increased its position in shares of Creative Media & Community Trust Co. by 1,228.7% in the fourth quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 643,535 shares during the period. Cerity Partners LLC raised its stake in shares of Creative Media & Community Trust Co. by 27.5% during the fourth quarter. Cerity Partners LLC now owns 3,623,573 shares of the real estate investment trust’s stock valued at $818,000 after acquiring an additional 781,837 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Creative Media & Community Trust Co. by 229.9% during the 4th quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 432,056 shares during the last quarter. 28.34% of the stock is owned by institutional investors.

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.