Wall Street Zen Downgrades Creative Media & Community Trust Corporation (NASDAQ:CMCT) to Sell

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a 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 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Creative Media & Community Trust Corporation Price Performance

CMCT opened at $3.55 on Friday. Creative Media & Community Trust Corporation has a 12 month low of $2.56 and a 12 month high of $28.63. The stock has a market capitalization of $2.80 million, a P/E ratio of -0.03 and a beta of 0.39. The business has a 50 day simple moving average of $4.76 and a 200-day simple moving average of $6.22.

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 purchased a new position in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the 2nd quarter, according to its most recent 13F 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 about 1.49% of Creative Media & Community Trust Corporation at the end of the most recent reporting period. 28.34% of the stock is owned by institutional investors and hedge funds.

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.