CIM Commercial Trust (CMCT) Sets New 52-Week High at $19.86

CIM Commercial Trust Corp (NASDAQ:CMCT) hit a new 52-week high on Monday . The company traded as high as $19.86 and last traded at $19.50, with a volume of 2156 shares traded. The stock had previously closed at $19.60.

Separately, BidaskClub upgraded CIM Commercial Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st.

The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 1.65.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Wednesday, March 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.53%. The ex-dividend date was Tuesday, March 5th.

A hedge fund recently raised its stake in CIM Commercial Trust stock. Wedbush Securities Inc. boosted its holdings in shares of CIM Commercial Trust Corp (NASDAQ:CMCT) by 83.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,888 shares of the real estate investment trust’s stock after buying an additional 60,627 shares during the period. Wedbush Securities Inc. owned approximately 0.30% of CIM Commercial Trust worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.24% of the stock is currently owned by institutional investors.

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About CIM Commercial Trust (NASDAQ:CMCT)

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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