Wall Street Zen Upgrades Creative Media & Community Trust Corporation (NASDAQ:CMCT) to Hold

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

Separately, Zacks Research upgraded Creative Media & Community Trust Corporation to a “hold” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Creative Media & Community Trust Corporation has a consensus rating of “Reduce”.

Creative Media & Community Trust Corporation Stock Performance

CMCT opened at $3.25 on Friday. The company has a 50 day simple moving average of $4.75 and a two-hundred day simple moving average of $155.47. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $8.97 million, a P/E ratio of -0.00 and a beta of 0.77. Creative Media & Community Trust Corporation has a 1-year low of $3.12 and a 1-year high of $1,441.00.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, May 8th. The real estate investment trust reported ($70.52) 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. Equities analysts forecast that Creative Media & Community Trust Corporation will post -145.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors bought a new stake in Creative Media & Community Trust Corporation in the 4th quarter valued at $43,000. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter valued at about $43,000. Kestra Advisory Services LLC purchased a new position in shares of Creative Media & Community Trust Corporation during the fourth quarter valued at about $52,000. Morton Capital Management LLC CA bought a new stake in shares of Creative Media & Community Trust Corporation in the fourth quarter worth about $54,000. Finally, Virtu Financial LLC bought a new stake in shares of Creative Media & Community Trust Corporation in the fourth quarter worth about $55,000. 28.34% of the stock is owned by hedge funds and other 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.