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

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

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Creative Media & Community Trust Corporation in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Creative Media & Community Trust Corporation Price Performance

NASDAQ CMCT opened at $4.28 on Friday. Creative Media & Community Trust Corporation has a 1 year low of $2.56 and a 1 year high of $73.67. The stock has a market capitalization of $3.38 million, a PE ratio of -0.04 and a beta of 0.45. The business’s 50-day moving average is $5.89 and its 200 day moving average is $6.96.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new position in Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned about 1.49% of Creative Media & Community Trust Corporation as of its most recent SEC filing. 28.34% of the stock is owned by institutional investors and hedge funds.

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.