Creative Media & Community Trust Corporation (NASDAQ:CMCT) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) from a hold rating to a sell rating in a research note released on Saturday.

Creative Media & Community Trust Corporation Trading Up 3.2%

Shares of CMCT stock opened at $5.49 on Friday. Creative Media & Community Trust Corporation has a 12-month low of $4.00 and a 12-month high of $1,441.00. The company has a market capitalization of $164,700.00, a P/E ratio of 0.00 and a beta of 0.78. The firm has a 50-day moving average price of $28.91 and a 200 day moving average price of $273.87. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 2.67.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) earnings per share (EPS) for the quarter. Creative Media & Community Trust Corporation had a negative net margin of 36.20% and a negative return on equity of 226.47%. The firm had revenue of $29.42 million for the quarter.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Several institutional investors have recently added to or reduced their stakes in CMCT. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Corporation during the 4th quarter valued at about $43,000. Cerity Partners LLC bought a new position in Creative Media & Community Trust Corporation during the 4th quarter valued at about $43,000. Kestra Advisory Services LLC bought a new position in Creative Media & Community Trust Corporation during the 4th quarter valued at about $52,000. Morton Capital Management LLC CA acquired a new stake in Creative Media & Community Trust Corporation in the 4th quarter valued at about $54,000. Finally, Virtu Financial LLC acquired a new stake in Creative Media & Community Trust Corporation in the 4th quarter valued at about $55,000. 28.34% of the stock is owned by institutional investors.

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.