BidaskClub upgraded shares of CIM Commercial Trust (NASDAQ:CMCT) from a hold rating to a buy rating in a research report released on Tuesday.

Separately, ValuEngine raised CIM Commercial Trust from a hold rating to a buy rating in a report on Wednesday, September 6th.

Shares of CIM Commercial Trust (CMCT) traded down $0.20 during mid-day trading on Tuesday, reaching $19.50. The company had a trading volume of 101,852 shares, compared to its average volume of 5,010. CIM Commercial Trust has a 52-week low of $15.10 and a 52-week high of $20.45. The firm has a market capitalization of $1,120.00, a price-to-earnings ratio of 164.17 and a beta of 0.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 9.09 and a quick ratio of 9.09.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $0.50 dividend on an annualized basis and a yield of 2.56%. CIM Commercial Trust’s payout ratio is 10.68%.

A number of institutional investors and hedge funds have recently bought and sold shares of CMCT. Schwab Charles Investment Management Inc. boosted its position in CIM Commercial Trust by 76.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 50,692 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 21,942 shares in the last quarter. Vanguard Group Inc. boosted its position in CIM Commercial Trust by 1.9% during the second quarter. Vanguard Group Inc. now owns 114,692 shares of the real estate investment trust’s stock worth $1,824,000 after purchasing an additional 2,184 shares in the last quarter. Northern Trust Corp boosted its position in CIM Commercial Trust by 8.3% during the second quarter. Northern Trust Corp now owns 21,243 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in CIM Commercial Trust by 1.2% during the first quarter. Geode Capital Management LLC now owns 109,138 shares of the real estate investment trust’s stock worth $1,757,000 after purchasing an additional 1,344 shares in the last quarter. Institutional investors own 1.14% of the company’s stock.

TRADEMARK VIOLATION WARNING: “BidaskClub Upgrades CIM Commercial Trust (CMCT) to Buy” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/16/bidaskclub-upgrades-cim-commercial-trust-cmct-to-buy.html.

CIM Commercial Trust 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.

Receive News & Ratings for CIM Commercial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIM Commercial Trust and related companies with MarketBeat.com's FREE daily email newsletter.