Wedbush Securities Inc. increased its holdings in shares of CIM Commercial Trust Corp (NASDAQ:CMCT) by 102.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,261 shares of the real estate investment trust’s stock after acquiring an additional 36,529 shares during the period. Wedbush Securities Inc. owned approximately 0.17% of CIM Commercial Trust worth $1,012,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC bought a new position in shares of CIM Commercial Trust in the third quarter worth approximately $295,000. 1.20% of the stock is owned by institutional investors and hedge funds.
CMCT has been the topic of several analyst reports. ValuEngine downgraded shares of CIM Commercial Trust from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. BidaskClub downgraded shares of CIM Commercial Trust from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th.
Shares of NASDAQ CMCT opened at $17.02 on Friday. CIM Commercial Trust Corp has a 52-week low of $11.75 and a 52-week high of $20.40. The company has a debt-to-equity ratio of 1.75, a quick ratio of 5.00 and a current ratio of 5.00.
CIM Commercial Trust (NASDAQ:CMCT) last issued its earnings results on Tuesday, November 13th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $47.64 million during the quarter. CIM Commercial Trust had a return on equity of 6.19% and a net margin of 12.02%.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, December 14th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.94%.
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CIM Commercial Trust Company Profile
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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