Creative Media & Community Trust Corporation (NASDAQ:CMCT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) from a sell rating to a hold rating in a report published on Sunday morning.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Creative Media & Community Trust Corporation Trading Down 9.0%

Shares of NASDAQ:CMCT opened at $2.84 on Friday. The company has a 50 day moving average of $4.49 and a 200 day moving average of $5.97. The stock has a market cap of $2.24 million, a P/E ratio of -0.03 and a beta of 0.39. Creative Media & Community Trust Corporation has a 12 month low of $2.56 and a 12 month high of $24.47.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Cerity Partners LLC acquired a new position in Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned about 1.49% of Creative Media & Community Trust Corporation as of its most recent filing with the Securities and Exchange Commission. 28.34% of the stock is owned by hedge funds and other institutional investors.

About Creative Media & Community Trust Corporation

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.