Media coverage about CIM Commercial Trust (NASDAQ:CMCT) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CIM Commercial Trust earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 44.9975590156985 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, BidaskClub upgraded shares of CIM Commercial Trust from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th.
CIM Commercial Trust (NASDAQ CMCT) opened at $16.30 on Friday. CIM Commercial Trust has a 1-year low of $15.10 and a 1-year high of $20.45. The company has a quick ratio of 9.09, a current ratio of 9.09 and a debt-to-equity ratio of 1.10.
In related news, major shareholder Urban Partners Ii, Llc sold 14,090,909 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $22.00, for a total value of $309,999,998.00. Following the transaction, the insider now owns 41,627,739 shares in the company, valued at $915,810,258. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 98.05% of the company’s stock.
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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.
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