Creative Media & Community Trust Co. (NASDAQ:CMCT) Coverage Initiated by Analysts at StockNews.com

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

Separately, B. Riley assumed coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday, April 11th. They set a “neutral” rating and a $4.00 price objective on the stock.

Creative Media & Community Trust Co. Stock Performance

CMCT opened at $2.97 on Thursday. The firm has a market cap of $67.69 million, a P/E ratio of -0.89 and a beta of 0.55. Creative Media & Community Trust Co. has a 52-week low of $2.84 and a 52-week high of $5.54. The business’s fifty day moving average is $3.50 and its 200-day moving average is $3.61.

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

A number of large investors have recently modified their holdings of CMCT. First Foundation Advisors lifted its position in shares of Creative Media & Community Trust Co. by 3.1% during the 3rd quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock worth $1,580,000 after buying an additional 11,612 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in Creative Media & Community Trust Co. during the fourth quarter worth about $39,000. Victory Capital Management Inc. acquired a new position in Creative Media & Community Trust Co. during the fourth quarter worth about $70,000. Presima Securities ULC bought a new position in shares of Creative Media & Community Trust Co. in the fourth quarter worth about $258,000. Finally, Pale Fire Capital SE boosted its stake in shares of Creative Media & Community Trust Co. by 136.4% in 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 in the last quarter. Institutional investors and hedge funds 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.