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

Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) are going 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 closing bell on Friday, January 3rd.

Creative Media & Community Trust Co. Price Performance

Shares of Creative Media & Community Trust Co. stock traded down $0.02 during trading hours on Thursday, reaching $0.21. The company’s stock had a trading volume of 106,179,063 shares, compared to its average volume of 487,262. 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 one year low of $0.11 and a one year high of $4.40. The firm has a 50 day moving average price of $0.28 and a 200-day moving average price of $1.30. The stock has a market cap of $18.13 million, a P/E ratio of -0.07 and a beta of 0.45.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. in a research report on Thursday. They set a “sell” rating on the stock.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Hedge funds have recently bought and sold shares of the business. Cerity Partners LLC bought a new position in Creative Media & Community Trust Co. in the 3rd quarter worth about $1,397,000. Stonebridge Financial Planning Group LLC bought a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $39,000. PFG Investments LLC bought a new position in Creative Media & Community Trust Co. in the third quarter worth approximately $266,000. Arkadios Wealth Advisors purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter worth $548,000. Finally, International Assets Investment Management LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $29,000. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

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.