Creative Media & Community Trust Corporation (NASDAQ:CMCT) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its stake in Creative Media & Community Trust Corporation (NASDAQ:CMCT) by 94.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 246,068 shares of the real estate investment trust’s stock after selling 4,316,189 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 46.34% of Creative Media & Community Trust Corporation worth $62,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its holdings in shares of Creative Media & Community Trust Corporation by 69.5% in the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 51,766 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Creative Media & Community Trust Corporation by 658.0% in the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 118,275 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Creative Media & Community Trust Corporation in the 4th quarter worth $84,000. Geode Capital Management LLC grew its holdings in shares of Creative Media & Community Trust Corporation by 229.9% in the 4th quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 432,056 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Creative Media & Community Trust Corporation by 1,228.7% in the 4th quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 643,535 shares during the last quarter. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised Creative Media & Community Trust Corporation to a “sell” rating in a research report on Sunday, May 25th.

Creative Media & Community Trust Corporation Stock Down 2.7%

Shares of Creative Media & Community Trust Corporation stock opened at $7.30 on Wednesday. The stock has a market cap of $5.51 million, a PE ratio of -0.02 and a beta of 0.87. The business has a fifty day simple moving average of $8.06 and a 200-day simple moving average of $12.95. Creative Media & Community Trust Corporation has a 12 month low of $4.03 and a 12 month high of $634.69.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last issued its earnings results on Friday, May 9th. The real estate investment trust reported ($8.85) EPS for the quarter. The firm had revenue of $32.30 million during the quarter. Analysts expect that Creative Media & Community Trust Corporation will post -12.2 EPS for the current fiscal year.

About Creative Media & Community Trust Corporation

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.