Creative Media & Community Trust Corporation (NASDAQ:CMCT) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Creative Media & Community Trust Corporation (NASDAQ:CMCT)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.68 and traded as high as $5.23. Creative Media & Community Trust Corporation shares last traded at $4.84, with a volume of 26,896 shares.

Analysts Set New Price Targets

CMCT has been the topic of a number of research analyst reports. Weiss Ratings downgraded Creative Media & Community Trust Corporation from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday. Zacks Research upgraded Creative Media & Community Trust Corporation to a “hold” rating in a report on Friday, June 5th. Finally, Wall Street Zen raised Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Creative Media & Community Trust Corporation currently has a consensus rating of “Reduce”.

Creative Media & Community Trust Corporation Stock Performance

The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.80. The company has a market cap of $10.90 million, a PE ratio of -0.00 and a beta of 0.79. The business’s fifty day moving average is $3.69 and its 200-day moving average is $48.79.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last announced its earnings results on Friday, August 14th. The real estate investment trust reported ($4.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.11) by ($0.92). Creative Media & Community Trust Corporation had a negative net margin of 36.99% and a negative return on equity of 60.85%. The business had revenue of $29.68 million for the quarter, compared to the consensus estimate of $28.10 million. As a group, research analysts predict that Creative Media & Community Trust Corporation will post -6.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

Several hedge funds and other institutional investors have recently modified their holdings of CMCT. Blackhawk Capital Partners LLC purchased a new stake in Creative Media & Community Trust Corporation in the first quarter worth about $354,000. Morton Capital Management LLC CA bought a new position in shares of Creative Media & Community Trust Corporation during the 4th quarter valued at approximately $54,000. Cerity Partners LLC purchased a new stake in Creative Media & Community Trust Corporation in the 2nd quarter worth approximately $90,000. Virtu Financial LLC purchased a new stake in Creative Media & Community Trust Corporation in the 4th quarter worth approximately $55,000. Finally, Kestra Advisory Services LLC bought a new stake in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $52,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

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.