Harel Insurance Investments & Financial Services Ltd. Lowers Stake in Creative Media & Community Trust Corporation $CMCT

Harel Insurance Investments & Financial Services Ltd. reduced its stake in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) by 96.0% in the second quarter, Holdings Channel reports. The firm owned 4,584 shares of the real estate investment trust’s stock after selling 110,018 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Creative Media & Community Trust Corporation were worth $37,000 at the end of the most recent quarter.

Creative Media & Community Trust Corporation Price Performance

CMCT stock opened at $5.34 on Tuesday. The business has a 50-day moving average price of $6.68 and a 200 day moving average price of $7.12. The company has a market capitalization of $4.21 million, a P/E ratio of -0.01 and a beta of 0.89. Creative Media & Community Trust Corporation has a 1-year low of $4.03 and a 1-year high of $105.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Creative Media & Community Trust Corporation currently has an average rating of “Sell”.

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.