CIM Commercial Trust Corporation (CMCT) Earning Somewhat Favorable Press Coverage, Analysis Shows

Headlines about CIM Commercial Trust Corporation (NASDAQ:CMCT) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CIM Commercial Trust Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 48.1277158803937 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

CIM Commercial Trust Corporation (CMCT) opened at 17.05 on Thursday. CIM Commercial Trust Corporation has a 52-week low of $15.10 and a 52-week high of $20.45. The company’s 50-day moving average price is $17.18 and its 200 day moving average price is $16.33. The stock has a market capitalization of $986.77 million, a PE ratio of 4.88 and a beta of 0.22.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 2.93%.

Separately, ValuEngine upgraded CIM Commercial Trust Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th.

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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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