Analysts at StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the real estate investment trust’s stock.
Creative Media & Community Trust Co. Trading Down 2.1 %
CMCT stock opened at $0.53 on Tuesday. The stock has a market cap of $12.06 million, a P/E ratio of -0.16 and a beta of 0.55. The stock’s fifty day simple moving average is $1.46 and its two-hundred day simple moving average is $2.35. Creative Media & Community Trust Co. has a 1-year low of $0.42 and a 1-year high of $4.40.
Creative Media & Community Trust Co. (NASDAQ:CMCT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The company had revenue of $34.44 million for the quarter, compared to the consensus estimate of $33.12 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. As a group, analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal 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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