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

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

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, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Creative Media & Community Trust Corporation Trading Up 7.6%

Shares of CMCT stock opened at $3.55 on Friday. The stock has a market capitalization of $2.80 million, a price-to-earnings 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 $28.63. The stock’s 50-day moving average price is $4.76 and its 200-day moving average price is $6.24.

Institutional Trading of Creative Media & Community Trust Corporation

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased 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 (SEC). The firm 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.