Russell Investments Group Ltd. bought a new stake in CIM Commercial Trust Corp (NASDAQ:CMCT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,700 shares of the real estate investment trust’s stock, valued at approximately $88,000.

Other large investors have also recently modified their holdings of the company. California Public Employees Retirement System acquired a new position in shares of CIM Commercial Trust during the third quarter worth about $53,687,000. Morgan Stanley boosted its holdings in CIM Commercial Trust by 4,484.5% in the 2nd quarter. Morgan Stanley now owns 5,318 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 5,202 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in CIM Commercial Trust by 56.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,195 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,150 shares in the last quarter. BlackRock Inc. boosted its holdings in CIM Commercial Trust by 328.1% in the 2nd quarter. BlackRock Inc. now owns 229,133 shares of the real estate investment trust’s stock valued at $4,725,000 after purchasing an additional 175,613 shares in the last quarter. Finally, Northern Trust Corp increased its position in CIM Commercial Trust by 8.9% during the 2nd quarter. Northern Trust Corp now owns 20,635 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 1,689 shares during the period. 43.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of CMCT opened at $14.47 on Friday. CIM Commercial Trust Corp has a twelve month low of $13.67 and a twelve month high of $69.31. The company has a debt-to-equity ratio of 3.24, a quick ratio of 4.34 and a current ratio of 4.34. The firm’s 50-day moving average is $14.50 and its two-hundred day moving average is $17.91.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, December 12th.

CMCT has been the topic of a number of recent analyst reports. ValuEngine raised CIM Commercial Trust from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. TheStreet cut shares of CIM Commercial Trust from a “b-” rating to a “c+” rating in a research note on Thursday, September 12th. Finally, BidaskClub downgraded shares of CIM Commercial Trust from a “buy” rating to a “hold” rating in a report on Saturday, August 24th.

In other CIM Commercial Trust news, insider Jan F. Salit acquired 12,507 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $14.58 per share, with a total value of $182,352.06. Following the purchase, the insider now owns 22,533 shares in the company, valued at $328,531.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Cim Service Provider, Llc bought 2,468,390 shares of the company’s stock in a transaction on Friday, October 11th. The shares were acquired at an average price of $19.17 per share, with a total value of $47,319,036.30. The disclosure for this purchase can be found here. Insiders have bought a total of 2,492,397 shares of company stock worth $47,661,493 in the last three months. Corporate insiders own 90.87% of the company’s stock.

CIM Commercial Trust Company Profile

CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan 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 onsite property management capabilities.

Featured Story: What are the qualifications of a portfolio manager?

Want to see what other hedge funds are holding CMCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CIM Commercial Trust Corp (NASDAQ:CMCT).

Institutional Ownership by Quarter for CIM Commercial Trust (NASDAQ:CMCT)

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.