Somewhat Favorable News Coverage Somewhat Unlikely to Impact CIM Commercial Trust Corporation (CMCT) Stock Price
Media stories about CIM Commercial Trust Corporation (NASDAQ:CMCT) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CIM Commercial Trust Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.1176144602687 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, ValuEngine raised shares of CIM Commercial Trust Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th.
CIM Commercial Trust Corporation (NASDAQ CMCT) opened at 16.75 on Friday. CIM Commercial Trust Corporation has a 52 week low of $15.10 and a 52 week high of $20.45. The firm has a 50 day moving average of $17.04 and a 200-day moving average of $16.31. The company has a market capitalization of $969.41 million, a P/E ratio of 4.79 and a beta of 0.22.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were paid a $0.125 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.02%.
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About CIM Commercial Trust Corporation
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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