Creative Media & Community Trust Corporation (NASDAQ:CMCT) Upgraded to “Hold” at Wall Street Zen

Creative Media & Community Trust Corporation (NASDAQ:CMCT) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings reaffirmed 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 MarketBeat, the stock presently has an average rating of “Sell”.

Creative Media & Community Trust Corporation Stock Down 2.2%

Shares of NASDAQ CMCT opened at $3.12 on Friday. The business has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $6.06. Creative Media & Community Trust Corporation has a 52 week low of $2.56 and a 52 week high of $24.47. The company has a market cap of $2.46 million, a P/E ratio of -0.03 and a beta of 0.39.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Cerity Partners LLC bought a new stake in Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 filing with the SEC. 28.34% of the stock is owned by institutional investors.

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.