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

Creative Media & Community Trust Corporation (NASDAQ:CMCT) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.04 and traded as high as $7.80. Creative Media & Community Trust Corporation shares last traded at $7.25, with a volume of 21,649 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Creative Media & Community Trust Corporation to a “sell” rating in a report on Sunday, May 25th.

Creative Media & Community Trust Corporation Price Performance

The stock’s 50-day moving average price is $7.04 and its 200 day moving average price is $7.57. The firm has a market cap of $5.72 million, a P/E ratio of -0.02 and a beta of 0.86.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Several hedge funds and other institutional investors have recently made changes to their positions in CMCT. Cerity Partners LLC acquired a new position in shares of Creative Media & Community Trust Corporation during the 2nd quarter worth about $90,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Creative Media & Community Trust Corporation during the 1st quarter worth approximately $29,000. Finally, Jane Street Group LLC boosted its position in shares of Creative Media & Community Trust Corporation by 658.0% in 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 acquiring an additional 118,275 shares during the period. 28.34% of the stock is owned by institutional investors.

About Creative Media & Community Trust Corporation

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.