News stories about CIM Commercial Trust Corporation (NASDAQ:CMCT) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CIM Commercial Trust Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 47.7521668305632 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, TheStreet upgraded CIM Commercial Trust Corporation from a “c” rating to a “b-” rating in a report on Wednesday, May 24th.
CIM Commercial Trust Corporation (NASDAQ CMCT) opened at 15.45 on Friday. CIM Commercial Trust Corporation has a 12-month low of $14.54 and a 12-month high of $20.40. The stock has a 50 day moving average price of $15.91 and a 200-day moving average price of $15.99. The stock has a market capitalization of $894.17 million, a PE ratio of 4.42 and a beta of 0.18.
The firm also recently announced a dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, July 18th.
In other CIM Commercial Trust Corporation news, major shareholder Urban Partners Ii, Llc sold 26,181,818 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $22.00, for a total transaction of $575,999,996.00. Following the completion of the transaction, the insider now owns 55,718,648 shares in the company, valued at $1,225,810,256. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 98.20% of the stock is owned by insiders.
About CIM Commercial Trust Corporation
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.
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