CIM Commercial Trust Corp Declares Dividend of $0.13 (CMCT)
CIM Commercial Trust Corp (NASDAQ:CMCT) declared a dividend on Monday, June 12th, Fidelity reports. Shareholders of record on Thursday, July 20th will be given a dividend of 0.125 per share by the real estate investment trust on Thursday, July 27th. The ex-dividend date of this dividend is Tuesday, July 18th.
CIM Commercial Trust Corp (CMCT) opened at 16.00 on Tuesday. The firm has a 50-day moving average price of $16.23 and a 200 day moving average price of $15.97. The firm has a market cap of $1.34 billion, a PE ratio of 6.98 and a beta of 0.18. CIM Commercial Trust Corp has a 12-month low of $14.54 and a 12-month high of $20.40.
Separately, TheStreet upgraded CIM Commercial Trust Corp from a “c” rating to a “b-” rating in a research note on Wednesday, May 24th.
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In related news, major shareholder Urban Partners Ii, Llc sold 26,181,818 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $22.00, for a total value of $575,999,996.00. Following the completion of the sale, the insider now directly owns 55,718,648 shares in the company, valued at $1,225,810,256. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 98.20% of the company’s stock.
CIM Commercial Trust Corp 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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