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

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares are set to reverse split before the market opens on 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. Trading Down 7.1 %

Shares of NASDAQ:CMCT traded down $0.02 during mid-day trading on Thursday, hitting $0.21. The stock had a trading volume of 106,179,063 shares, compared to its average volume of 487,262. The company’s 50 day moving average is $0.28 and its 200-day moving average is $1.30. Creative Media & Community Trust Co. has a 12-month low of $0.11 and a 12-month high of $4.40. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The company has a market cap of $18.13 million, a PE ratio of -0.07 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its earnings results 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 business had revenue of $28.62 million for the quarter. During the same quarter in the prior year, the company posted ($0.30) EPS. On average, sell-side analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $29,000. EWG Elevate Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $39,000. Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. in the third quarter worth $47,000. Finally, Carnegie Investment Counsel acquired a new position in Creative Media & Community Trust Co. during the third quarter worth $50,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.