NASDAQ:CMCTCIM Commercial Trust Stock Price, Forecast & News

CIM Commercial Trust's stock was trading at $11.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CMCT shares have increased by 1.8% and is now trading at $11.81. View which stocks have been most impacted by Coronavirus.

CIM Commercial Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for CIM Commercial Trust.

CIM Commercial Trust Corp (NASDAQ:CMCT) posted its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.10. The real estate investment trust earned $25.54 million during the quarter, compared to analysts' expectations of $23.20 million. CIM Commercial Trust had a return on equity of 2.38% and a net margin of 44.50%. View CIM Commercial Trust's earnings history.

CIM Commercial Trust declared a quarterly dividend on Wednesday, June 3rd. Shareholders of record on Monday, June 15th will be given a dividend of $0.075 per share on Monday, June 29th. This represents a $0.30 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, June 12th. View CIM Commercial Trust's dividend history.

Shares of CIM Commercial Trust reverse split on the morning of Tuesday, September 3rd 2019. The 1-3 reverse split was announced on Thursday, August 8th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, August 30th 2019. An investor that had 100 shares of CIM Commercial Trust stock prior to the reverse split would have 33 shares after the split.

Media headlines about CMCT stock have trended negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. CIM Commercial Trust earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the near term. View the latest news aboutCIM Commercial Trust.

Some companies that are related to CIM Commercial Trust include Urstadt Biddle Properties (UBA), RPT Realty (RPT), Brookfield Property Reit (BPR), UMH PROPERTIES/SH SH (UMH), Global Medical REIT (GMRE), ARMOUR Residential REIT (ARR), Urstadt Biddle Properties (UBP), CAPSTEAD MTG CO/SH (CMO), City Office REIT (CIO), Invesco Mortgage Capital (IVR), Ready Capital (RC), Catchmark Timber Trust (CTT), Preferred Apartment Communities (APTS), Chatham Lodging Trust (CLDT) and One Liberty Properties (OLP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other CIM Commercial Trust investors own include Bank of Hawaii (BOH), InterDigital Wireless (IDCC), CHIMERA INVT CO/SH NEW (CIM), Stag Industrial (STAG), New Residential Investment (NRZ), AGNC Investment (AGNC), Bluerock Residential Growth REIT (BRG), NY MTG TR INC/SH (NYMT), Braemar Hotels & Resorts (BHR) and Macerich (MAC).

CIM Commercial Trust trades on the NASDAQ under the ticker symbol "CMCT."

CIM Commercial Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include Engine Capital Management LP (6.15%), Morgan Stanley (5.59%), Morgan Stanley (5.59%), BlackRock Inc. (4.14%), JPMorgan Chase & Co. (1.63%) and Wedbush Securities Inc. (1.34%). Company insiders that own CIM Commercial Trust stock include Cim Service Provider, Llc, David Andrew Thompson, Jan F Salit and Nathan David Debacker. View institutional ownership trends for CIM Commercial Trust.

CMCT stock was sold by a variety of institutional investors in the last quarter, including Shell Asset Management Co., UBS Group AG, Russell Investments Group Ltd., Blackstone Group Inc, and Skandinaviska Enskilda Banken AB publ . View insider buying and selling activity for CIM Commercial Trust.

CMCT stock was bought by a variety of institutional investors in the last quarter, including Engine Capital Management LP, Morgan Stanley, Morgan Stanley, BlackRock Inc., State Street Corp, Bank of New York Mellon Corp, Geode Capital Management LLC, and Nuveen Asset Management LLC. Company insiders that have bought CIM Commercial Trust stock in the last two years include Cim Service Provider, Llc, David Andrew Thompson, Jan F Salit, and Nathan David Debacker. View insider buying and selling activity for CIM Commercial Trust.

Shares of CMCT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CMCT stock can currently be purchased for approximately $11.81.

CIM Commercial Trust has a market capitalization of $175.11 million and generates $139.99 million in revenue each year. The real estate investment trust earns $345.67 million in net income (profit) each year or ($0.50) on an earnings per share basis. CIM Commercial Trust employs 5 workers across the globe.

The official website for CIM Commercial Trust is www.cimcommercial.com.

CIM Commercial Trust's mailing address is 17950 PRESTON RD SUITE 600, DALLAS TX, 75252. The real estate investment trust can be reached via phone at 972-349-3200 or via email at [email protected]