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

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

Separately, B. Riley began coverage on shares of Creative Media & Community Trust Co. in a research report on Thursday. They set a “neutral” rating and a $4.00 target price on the stock.

Creative Media & Community Trust Co. Stock Performance

Shares of NASDAQ:CMCT opened at $3.90 on Friday. The business’s 50-day simple moving average is $3.68 and its 200 day simple moving average is $3.79. The company has a market cap of $88.88 million, a P/E ratio of -1.17 and a beta of 0.51. Creative Media & Community Trust Co. has a one year low of $3.19 and a one year high of $5.80.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $4,550,000. Pale Fire Capital SE increased its position 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 worth $1,607,000 after purchasing an additional 251,276 shares during the last quarter. First Foundation Advisors raised its stake in shares of Creative Media & Community Trust Co. by 3.1% in the 3rd quarter. First Foundation Advisors now owns 390,127 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 11,612 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Creative Media & Community Trust Co. during the third quarter worth about $1,273,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Creative Media & Community Trust Co. by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 96,084 shares of the real estate investment trust’s stock worth $744,000 after purchasing an additional 1,632 shares during the last quarter. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation (formerly known as CIM Commercial 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.