CIM Commercial Trust (CMCT) Rating Lowered to Hold at BidaskClub

CIM Commercial Trust (NASDAQ:CMCT) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, ValuEngine lowered CIM Commercial Trust from a “hold” rating to a “sell” rating in a report on Friday, September 14th.

CMCT stock opened at $17.45 on Thursday. CIM Commercial Trust has a twelve month low of $11.75 and a twelve month high of $20.40. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 1.72.

CIM Commercial Trust (NASDAQ:CMCT) last issued its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported ($0.04) EPS for the quarter. CIM Commercial Trust had a return on equity of 20.56% and a net margin of 46.61%. The business had revenue of $51.56 million for the quarter.

A hedge fund recently raised its stake in CIM Commercial Trust stock. Wedbush Securities Inc. lifted its holdings in shares of CIM Commercial Trust Corp (NASDAQ:CMCT) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,732 shares of the real estate investment trust’s stock after purchasing an additional 5,041 shares during the quarter. Wedbush Securities Inc. owned 0.08% of CIM Commercial Trust worth $540,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

About CIM Commercial Trust

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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