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

Creative Media & Community Trust Corporation (NASDAQ:CMCT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.31 and traded as low as $2.61. Creative Media & Community Trust Corporation shares last traded at $2.62, with a volume of 26,784 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CMCT. Wall Street Zen upgraded shares of Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a report on Sunday, January 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Creative Media & Community Trust Corporation presently has a consensus rating of “Sell”.

Creative Media & Community Trust Corporation Trading Down 1.9%

The business’s 50-day simple moving average is $3.27 and its two-hundred day simple moving average is $5.31. The company has a market capitalization of $2.07 million, a PE ratio of -0.02 and a beta of 0.41.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

A number of institutional investors have recently made changes to their positions in the business. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Corporation during the 2nd quarter valued at approximately $90,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Corporation during the 4th quarter valued at $43,000. Kestra Advisory Services LLC bought a new position in Creative Media & Community Trust Corporation during the 4th quarter valued at $52,000. Finally, Morton Capital Management LLC CA acquired a new position in Creative Media & Community Trust Corporation during the 4th quarter worth $54,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.