Wall Street Zen Upgrades Creative Media & Community Trust Corporation (NASDAQ:CMCT) to Hold

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Creative Media & Community Trust Corporation in a report on Monday, December 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Creative Media & Community Trust Corporation presently has an average rating of “Sell”.

Creative Media & Community Trust Corporation Stock Performance

Shares of NASDAQ:CMCT opened at $4.28 on Friday. The firm has a market capitalization of $3.38 million, a PE ratio of -0.04 and a beta of 0.45. Creative Media & Community Trust Corporation has a 1-year low of $2.56 and a 1-year high of $73.67. The business’s 50 day moving average is $5.89 and its 200-day moving average is $6.95.

Institutional Trading of Creative Media & Community Trust Corporation

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new stake in Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned 1.49% of Creative Media & Community Trust Corporation at the end of the most recent reporting period. Institutional investors own 28.34% of the company’s stock.

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.