Creative Media & Community Trust Co. Stock Set to Reverse Split on Monday, January 6th (NASDAQ:CMCT)

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s stock is scheduled to reverse split on the morning of Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, January 3rd.

Creative Media & Community Trust Co. Stock Performance

Shares of NASDAQ CMCT traded down $0.02 during midday trading on Thursday, reaching $0.21. 106,179,063 shares of the company traded hands, compared to its average volume of 487,262. The stock has a 50-day moving average price of $0.28 and a 200 day moving average price of $1.30. The company has a market cap of $18.13 million, a price-to-earnings ratio of -0.07 and a beta of 0.45. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. Creative Media & Community Trust Co. has a 52 week low of $0.11 and a 52 week high of $4.40.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The firm had revenue of $28.62 million for the quarter. During the same period in the previous year, the firm earned ($0.30) earnings per share. Sell-side analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a report on Thursday. They issued a “sell” rating for the company.

Institutional Trading of Creative Media & Community Trust Co.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 7,863 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $29,000. EWG Elevate Inc. acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth $37,000. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at $39,000. Finally, Calton & Associates Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $47,000. 28.34% of the stock is currently owned by institutional investors.

About Creative Media & Community Trust Co.

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.