CIM Commercial Trust Corp (NASDAQ:CMCT) announced a quarterly dividend on Tuesday, March 6th, Zacks reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.125 per share by the real estate investment trust on Thursday, March 29th. This represents a $0.50 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, March 15th.
Shares of CIM Commercial Trust (NASDAQ CMCT) opened at $15.50 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 9.09 and a quick ratio of 9.09. CIM Commercial Trust has a 52 week low of $14.80 and a 52 week high of $20.45.
Separately, BidaskClub cut CIM Commercial Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 5th.
An institutional investor recently raised its position in CIM Commercial Trust stock. Vanguard Group Inc. lifted its stake in shares of CIM Commercial Trust Corp (NASDAQ:CMCT) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,692 shares of the real estate investment trust’s stock after purchasing an additional 2,184 shares during the quarter. Vanguard Group Inc. owned about 0.14% of CIM Commercial Trust worth $1,824,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.22% 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.
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