Forward Management LLC maintained its position in shares of CIM Commercial Trust Corporation (NASDAQ:CMCT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,745 shares of the real estate investment trust’s stock at the end of the second quarter. Forward Management LLC’s holdings in CIM Commercial Trust Corporation were worth $330,000 at the end of the most recent reporting period.
Separately, Schwab Charles Investment Management Inc. boosted its position in shares of CIM Commercial Trust Corporation by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 48,457 shares of the real estate investment trust’s stock valued at $781,000 after buying an additional 3,933 shares during the period. 0.63% of the stock is currently owned by institutional investors.
CIM Commercial Trust Corporation (CMCT) opened at 15.80 on Friday. The company has a market capitalization of $914.43 million, a PE ratio of 4.52 and a beta of 0.18. The company has a 50-day moving average price of $15.89 and a 200 day moving average price of $15.98. CIM Commercial Trust Corporation has a 12 month low of $14.54 and a 12 month high of $20.40.
The company also recently disclosed a dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, July 18th.
Separately, TheStreet raised CIM Commercial Trust Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, May 24th.
In other CIM Commercial Trust Corporation news, major shareholder Urban Partners Ii, Llc sold 26,181,818 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 55,718,648 shares of the company’s stock, valued at approximately $1,225,810,256. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 98.20% of the company’s stock.
CIM Commercial Trust Corporation 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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