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

Equities researchers at StockNews.com started coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research note issued on Thursday. The firm set a “sell” rating on the real estate investment trust’s stock.

Creative Media & Community Trust Co. Price Performance

NASDAQ CMCT opened at $0.17 on Thursday. The firm has a market capitalization of $15.09 million, a PE ratio of -0.06 and a beta of 0.45. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. Creative Media & Community Trust Co. has a 12 month low of $0.11 and a 12 month high of $4.40. The company’s 50 day simple moving average is $0.26 and its 200 day simple moving average is $1.28.

Creative Media & Community Trust Co.’s stock is scheduled to reverse split on Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, January 3rd.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The company had revenue of $28.62 million during the quarter. During the same quarter in the previous year, the company earned ($0.30) earnings per share. As a group, equities research analysts forecast 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 number of large investors have recently added to or reduced their stakes in the business. Cerity Partners LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth $1,397,000. International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth about $29,000. Carnegie Investment Counsel purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at about $50,000. Calton & Associates Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $47,000. Finally, EWG Elevate Inc. purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth approximately $37,000. 28.34% of the stock is currently owned by institutional investors.

Creative Media & Community Trust Co. Company Profile

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.