Creative Media & Community Trust Corporation (NASDAQ:CMCT) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Creative Media & Community Trust Corporation has an average rating of “Sell”.

Creative Media & Community Trust Corporation Price Performance

Shares of CMCT opened at $3.55 on Friday. Creative Media & Community Trust Corporation has a fifty-two week low of $2.56 and a fifty-two week high of $28.63. The company has a market capitalization of $2.80 million, a price-to-earnings ratio of -0.03 and a beta of 0.39. The business’s 50-day moving average is $4.76 and its 200-day moving average is $6.23.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new stake in Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned approximately 1.49% of Creative Media & Community Trust Corporation at the end of the most recent reporting period. 28.34% of the stock is currently owned by institutional investors and hedge funds.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corporation is a real estate investment trust (REIT) that specializes in originating and acquiring first-lien mortgage loans on non-owner-occupied residential properties in the United States. The company focuses on providing capital to real estate investors and rental homeowners, offering financing solutions tailored to single-family homes, small multifamily properties and other residential real estate investments. Its business model centers on underwriting, closing and servicing mortgage loans that help facilitate real estate acquisitions, refinancings and portfolio expansions for its clients.

The company’s loan portfolio is diversified across key U.S.