Creative Media & Community Trust Co. (NASDAQ:CMCT) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) in a research report issued to clients and investors on Monday. The firm 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 report on Thursday, April 11th. They set a “neutral” rating and a $4.00 target price for the company.

Creative Media & Community Trust Co. Stock Down 1.8 %

Creative Media & Community Trust Co. stock opened at $3.35 on Monday. Creative Media & Community Trust Co. has a twelve month low of $3.19 and a twelve month high of $5.54. The firm has a 50 day moving average price of $3.70 and a 200-day moving average price of $3.74. The company has a market capitalization of $76.35 million, a P/E ratio of -1.00 and a beta of 0.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors bought a new position in shares of Creative Media & Community Trust Co. during the 4th quarter valued at approximately $39,000. Victory Capital Management Inc. bought a new position in Creative Media & Community Trust Co. in the 4th quarter worth approximately $70,000. Presima Securities ULC bought a new position in Creative Media & Community Trust Co. in the 4th quarter worth approximately $258,000. Yelin Lapidot Holdings Management Ltd. bought a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $1,273,000. Finally, First Foundation Advisors boosted its holdings in 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 worth $1,580,000 after buying an additional 11,612 shares during the period. 28.34% of the stock is 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.