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

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

Creative Media & Community Trust Co. Price Performance

Creative Media & Community Trust Co. stock opened at $0.23 on Monday. Creative Media & Community Trust Co. has a 52-week low of $0.21 and a 52-week high of $38.62. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The firm’s fifty day moving average is $0.53 and its 200 day moving average is $2.41. The company has a market cap of $3.09 million, a price-to-earnings ratio of -0.01 and a beta of 0.61.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share (EPS) for the quarter. The firm had revenue of $27.46 million for the quarter. During the same quarter in the previous year, the business posted ($6.66) EPS. Sell-side analysts forecast that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC raised its position in Creative Media & Community Trust Co. by 658.0% in the 4th 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 period. XTX Topco Ltd bought a new position in shares of Creative Media & Community Trust Co. during the fourth quarter valued at approximately $84,000. Renaissance Technologies LLC raised its holdings 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 worth $157,000 after buying an additional 643,535 shares during the period. Cerity Partners LLC raised its holdings in shares of Creative Media & Community Trust Co. by 27.5% in the fourth quarter. Cerity Partners LLC now owns 3,623,573 shares of the real estate investment trust’s stock worth $818,000 after buying an additional 781,837 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of 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 worth $143,000 after acquiring an additional 432,056 shares during the last quarter. 28.34% of the stock is owned by hedge funds and other 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.