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

News articles about CIM Commercial Trust (NASDAQ:CMCT) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CIM Commercial Trust earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.6265455911589 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, BidaskClub cut shares of CIM Commercial Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 5th.

CIM Commercial Trust (NASDAQ CMCT) opened at $17.95 on Friday. CIM Commercial Trust has a 52 week low of $15.10 and a 52 week high of $20.45. 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 (NASDAQ:CMCT) last issued its quarterly earnings results on Thursday, November 9th. The real estate investment trust reported $1.25 earnings per share for the quarter. CIM Commercial Trust had a net margin of 143.13% and a return on equity of 40.88%.

The company also recently announced a special dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were paid a $0.73 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from CIM Commercial Trust’s previous special dividend of $0.28. This represents a dividend yield of 2.57%.

In related news, major shareholder Urban Partners Ii, Llc sold 14,090,909 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $22.00, for a total value of $309,999,998.00. Following the completion of the transaction, the insider now directly owns 41,627,739 shares of the company’s stock, valued at $915,810,258. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 98.05% of the stock is currently owned by company insiders.

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About CIM Commercial Trust

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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