Wedbush Securities Inc. lifted its position in CIM Commercial Trust Corp (NASDAQ:CMCT) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,319 shares of the real estate investment trust’s stock after purchasing an additional 4,431 shares during the quarter. Wedbush Securities Inc.’s holdings in CIM Commercial Trust were worth $2,512,000 at the end of the most recent quarter.
Separately, Nisa Investment Advisors LLC purchased a new position in CIM Commercial Trust in the first quarter worth $37,000. Hedge funds and other institutional investors own 1.24% of the company’s stock.
Separately, BidaskClub upgraded shares of CIM Commercial Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st.
The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Wednesday, March 6th were given a $0.125 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.50 annualized dividend and a yield of 2.62%.
CIM Commercial Trust Profile
CIM Commercial 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 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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