CIM Commercial Trust (CMCT) Cut to “Sell” at BidaskClub
BidaskClub cut shares of CIM Commercial Trust (NASDAQ:CMCT) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
Separately, ValuEngine downgraded CIM Commercial Trust from a hold rating to a sell rating in a research note on Friday.
Shares of NASDAQ CMCT opened at $13.35 on Friday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 1.72. CIM Commercial Trust has a 12 month low of $11.75 and a 12 month high of $20.40.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Wednesday, September 5th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Tuesday, September 4th.
An institutional investor recently raised its position in CIM Commercial Trust stock. Wedbush Securities Inc. increased its position in CIM Commercial Trust Corp (NASDAQ:CMCT) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,732 shares of the real estate investment trust’s stock after buying an additional 5,041 shares during the quarter. Wedbush Securities Inc. owned 0.08% of CIM Commercial Trust worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.49% of the company’s stock.
About CIM Commercial Trust
CIM Commercial Trust is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, DC CIM Commercial Trust is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and asset management capabilities.
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