Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares to Reverse Split on Tuesday, April 15th

Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) are going to reverse split on Tuesday, April 15th. The 1-25 reverse split was announced on Thursday, April 10th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, April 14th.

Creative Media & Community Trust Co. Trading Down 15.7 %

Shares of Creative Media & Community Trust Co. stock opened at $0.22 on Friday. Creative Media & Community Trust Co. has a fifty-two week low of $0.21 and a fifty-two week high of $38.62. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The company has a market capitalization of $2.89 million, a P/E ratio of -0.01 and a beta of 0.61. The company has a fifty day moving average of $0.50 and a 200 day moving average of $2.15.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) EPS for the quarter. The firm had revenue of $27.46 million during the quarter. During the same period in the prior year, the business earned ($6.66) EPS. On average, sell-side analysts anticipate that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a report on Monday. They set a “sell” rating for the company.

Institutional Trading of Creative Media & Community Trust Co.

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Creative Media & Community Trust Co. by 186.6% during the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 109,425 shares in the last quarter. Y.D. More Investments Ltd increased its stake in Creative Media & Community Trust Co. by 2.0% during the fourth quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 16,763 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Creative Media & Community Trust Co. during the fourth quarter valued at approximately $49,000. Commonwealth Equity Services LLC raised its position in Creative Media & Community Trust Co. by 843.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock valued at $909,000 after purchasing an additional 3,611,442 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Creative Media & Community Trust Co. by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 51,766 shares during the last quarter. Hedge funds and other institutional investors own 28.34% of the company’s stock.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.