Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) to a sell rating in a report issued on Sunday.

Creative Media & Community Trust Co. Price Performance

CMCT stock opened at $7.74 on Friday. The stock’s 50 day moving average is $6.08 and its two-hundred day moving average is $24.75. Creative Media & Community Trust Co. has a 52-week low of $4.03 and a 52-week high of $741.31. The company has a market capitalization of $5.84 million, a PE ratio of -0.27 and a beta of 0.70. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings results on Friday, May 9th. The real estate investment trust reported ($8.85) earnings per share for the quarter. The firm had revenue of $32.30 million for the quarter. Analysts predict that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of CMCT. LPL Financial LLC lifted its position in shares of Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 51,766 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Creative Media & Community Trust Co. during the first quarter valued at approximately $29,000. Jane Street Group LLC raised its stake in Creative Media & Community Trust Co. by 658.0% during the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 118,275 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Creative Media & Community Trust Co. during the 4th quarter worth approximately $49,000. Finally, XTX Topco Ltd acquired a new position in shares of Creative Media & Community Trust Co. in the 4th quarter worth approximately $84,000. Institutional investors own 28.34% of the company’s stock.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.