Creative Media & Community Trust Corporation (NASDAQ:CMCT) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $88.10 and traded as low as $3.26. Creative Media & Community Trust Corporation shares last traded at $3.50, with a volume of 6,143 shares.

Analysts Set New Price Targets

Several analysts have commented on CMCT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a report on Friday, June 26th. Zacks Research raised Creative Media & Community Trust Corporation to a “hold” rating in a research note on Friday, June 5th. Finally, Wall Street Zen upgraded 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Creative Media & Community Trust Corporation currently has an average rating of “Reduce”.

Creative Media & Community Trust Corporation Trading Up 2.6%

The company has a 50 day moving average of $3.49 and a 200 day moving average of $88.10. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market capitalization of $9.66 million, a price-to-earnings ratio of -0.00 and a beta of 0.81.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last released its earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) earnings per share for the quarter. Creative Media & Community Trust Corporation had a negative return on equity of 226.47% and a negative net margin of 36.20%.The business had revenue of $29.42 million during the quarter. On average, research analysts predict that Creative Media & Community Trust Corporation will post -14.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Several institutional investors have recently modified their holdings of the business. Cerity Partners LLC purchased a new stake in shares of Creative Media & Community Trust Corporation in the 2nd quarter valued at approximately $90,000. Morton Capital Management LLC CA purchased a new stake in shares of Creative Media & Community Trust Corporation during the 4th quarter worth $54,000. Arkadios Wealth Advisors acquired a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter worth $43,000. Kestra Advisory Services LLC acquired a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter worth $52,000. Finally, Virtu Financial LLC purchased a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at $55,000. Institutional investors and hedge funds 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.