Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Creative Media & Community Trust Corporation (NASDAQ:CMCT) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.71 and traded as high as $4.12. Creative Media & Community Trust Corporation shares last traded at $3.63, with a volume of 44,855 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CMCT shares. Zacks Research raised shares of Creative Media & Community Trust Corporation to a “hold” rating in a report on Friday, June 5th. Weiss Ratings cut Creative Media & Community Trust Corporation from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, August 24th. Finally, Wall Street Zen raised Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Creative Media & Community Trust Corporation Stock Performance

The company has a market cap of $9.94 million, a P/E ratio of -0.00 and a beta of 0.83. The company’s fifty day moving average is $3.72 and its 200 day moving average is $36.86. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.80.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, August 14th. The real estate investment trust reported ($4.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.11) by ($0.92). The business had revenue of $29.68 million for the quarter, compared to analysts’ expectations of $28.10 million. Creative Media & Community Trust Corporation had a negative net margin of 36.99% and a negative return on equity of 60.85%. As a group, equities analysts predict that Creative Media & Community Trust Corporation will post -6.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blackhawk Capital Partners LLC bought a new stake in Creative Media & Community Trust Corporation during the 1st quarter valued at $354,000. Morton Capital Management LLC CA bought a new stake in Creative Media & Community Trust Corporation in the 4th quarter worth $54,000. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Corporation in the second quarter valued at about $90,000. Virtu Financial LLC purchased a new position in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at about $55,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Creative Media & Community Trust Corporation during the fourth quarter worth about $52,000. Institutional investors own 28.34% of the company’s stock.

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.