Somewhat Positive Press Coverage Somewhat Unlikely to Affect CIM Commercial Trust (CMCT) Share Price

Press coverage about CIM Commercial Trust (NASDAQ:CMCT) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CIM Commercial Trust earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.0663782479563 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Separately, BidaskClub lowered CIM Commercial Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, January 5th.

CIM Commercial Trust (CMCT) opened at $16.90 on Friday. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 1.10. CIM Commercial Trust has a fifty-two week low of $15.10 and a fifty-two week high of $20.45.

CIM Commercial Trust (NASDAQ:CMCT) last issued its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $1.25 EPS for the quarter. CIM Commercial Trust had a return on equity of 40.88% and a net margin of 143.13%.

The business also recently disclosed a special dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were issued a dividend of $0.73 per share. This is a positive change from CIM Commercial Trust’s previous special dividend of $0.28. The ex-dividend date was Thursday, December 28th. This represents a dividend yield of 2.57%.

In other news, major shareholder Urban Partners Ii, Llc sold 14,090,909 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $22.00, for a total transaction of $309,999,998.00. Following the transaction, the insider now owns 41,627,739 shares of the company’s stock, valued at approximately $915,810,258. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 98.05% of the company’s stock.

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CIM Commercial Trust Company Profile

CIM Commercial Trust Corporation, together with its subsidiaries, primarily invests in, owns, and operates Class A and office investments in urban communities throughout the United States. These communities are located in areas that include traditional downtown areas and suburban main streets. The Company’s segments are office, hotel, multifamily and lending.

Insider Buying and Selling by Quarter for CIM Commercial Trust (NASDAQ:CMCT)

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