Creative Media & Community Trust Corporation (NASDAQ:CMCT) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Creative Media & Community Trust Corporation (NASDAQ:CMCT)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.31 and traded as low as $2.61. Creative Media & Community Trust Corporation shares last traded at $2.62, with a volume of 26,784 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CMCT shares. Weiss Ratings restated a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a report on Monday, December 29th. Wall Street Zen upgraded Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Creative Media & Community Trust Corporation has an average rating of “Sell”.

Creative Media & Community Trust Corporation Trading Down 1.9%

The stock has a market cap of $2.07 million, a P/E ratio of -0.02 and a beta of 0.41. The stock’s fifty day moving average price is $3.27 and its 200 day moving average price is $5.31.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morton Capital Management LLC CA purchased a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter valued at about $54,000. Kestra Advisory Services LLC bought a new stake in shares of Creative Media & Community Trust Corporation during the fourth quarter valued at approximately $52,000. Arkadios Wealth Advisors purchased a new stake in shares of Creative Media & Community Trust Corporation in the 4th quarter worth $43,000. Finally, Cerity Partners LLC bought a new position in shares of Creative Media & Community Trust Corporation during the 4th quarter worth $43,000. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Company Profile

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.