Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT – Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.62 and traded as low as $4.80. Creative Media & Community Trust Corporation shares last traded at $4.90, with a volume of 24,052 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Creative Media & Community Trust Corporation from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Creative Media & Community Trust Corporation
Creative Media & Community Trust Corporation Stock Performance
Creative Media & Community Trust Corporation (NASDAQ:CMCT – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) earnings per share (EPS) for the quarter. The firm had revenue of $29.42 million during the quarter. Creative Media & Community Trust Corporation had a negative net margin of 36.20% and a negative return on equity of 226.47%.
Hedge Funds Weigh In On Creative Media & Community Trust Corporation
Hedge funds have recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new position in Creative Media & Community Trust Corporation in the second quarter valued at about $90,000. Virtu Financial LLC bought a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at about $55,000. Kestra Advisory Services LLC bought a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at about $52,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Corporation in the fourth quarter valued at about $43,000. Finally, Blackhawk Capital Partners LLC bought a new position in Creative Media & Community Trust Corporation in the first quarter valued at about $354,000. 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.
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