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

Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.71 and traded as low as $0.3935. Creative Media & Community Trust Corporation shares last traded at $0.54, with a volume of 1,938,992 shares.

Analyst Ratings Changes

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

Creative Media & Community Trust Corporation Price Performance

The firm has a market capitalization of $426,600.00, a P/E ratio of -0.01 and a beta of 0.45. The firm has a 50-day moving average price of $2.69 and a two-hundred day moving average price of $4.71.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last posted its quarterly earnings results on Monday, March 9th. The real estate investment trust reported ($11.20) EPS for the quarter. The firm had revenue of $28.45 million for the quarter. Sell-side analysts predict that Creative Media & Community Trust Corporation will post -12.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter worth approximately $55,000. Morton Capital Management LLC CA purchased a new stake in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $54,000. Kestra Advisory Services LLC purchased a new stake in shares of Creative Media & Community Trust Corporation in the fourth quarter valued at approximately $52,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Corporation in the fourth quarter worth approximately $43,000. Finally, Cerity Partners LLC purchased a new position in Creative Media & Community Trust Corporation during the 4th quarter worth $43,000. 28.34% of the stock is currently 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.