Creative Media & Community Trust Corporation (NASDAQ:CMCT) Shares to Reverse Split on Monday, April 20th

Creative Media & Community Trust Corporation (NASDAQ:CMCT) shares are set to reverse split before the market opens on Monday, April 20th. The 1-10 reverse split was announced on Wednesday, April 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 17th.

Creative Media & Community Trust Corporation Stock Down 26.2%

Creative Media & Community Trust Corporation stock traded down $0.20 during mid-day trading on Thursday, hitting $0.56. The company’s stock had a trading volume of 1,209,116 shares, compared to its average volume of 3,129,273. The stock has a market capitalization of $151,200.00, a P/E ratio of 0.00 and a beta of 0.86. Creative Media & Community Trust Corporation has a twelve month low of $0.40 and a twelve month high of $144.10. The stock’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $36.24.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, January 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMCT. Cerity Partners LLC purchased a new position in Creative Media & Community Trust Corporation during the 2nd quarter worth approximately $90,000. Morton Capital Management LLC CA purchased a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $54,000. Arkadios Wealth Advisors purchased a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $43,000. Kestra Advisory Services LLC purchased a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $52,000. Finally, Virtu Financial LLC purchased a new position in Creative Media & Community Trust Corporation during the 4th quarter worth approximately $55,000. 28.34% of the stock is currently 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.