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NASDAQ:CMCTCIM Commercial Trust Stock Price, Forecast & News

$11.81
+0.91 (+8.35 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$11.39
Now: $11.81
$12.05
50-Day Range
$8.34
MA: $9.75
$10.90
52-Week Range
$6.27
Now: $11.81
$69.31
Volume57,206 shs
Average Volume78,401 shs
Market Capitalization$175.11 million
P/E Ratio6.38
Dividend Yield2.75%
Beta0.34
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, D.C. 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.
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CIM Commercial Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CMCT
CUSIPN/A
Phone972-349-3200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$139.99 million
Cash Flow$2.85 per share
Book Value$3.75 per share

Profitability

Net Income$345.67 million

Miscellaneous

Employees5
Market Cap$175.11 million
Next Earnings Date8/13/2020 (Estimated)
OptionableNot Optionable

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CIM Commercial Trust (NASDAQ:CMCT) Frequently Asked Questions

How has CIM Commercial Trust's stock been impacted by COVID-19 (Coronavirus)?

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.

When is CIM Commercial Trust's next earnings date?

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.

How were CIM Commercial Trust's earnings last quarter?

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.

How often does CIM Commercial Trust pay dividends? What is the dividend yield for CIM Commercial Trust?

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.

When did CIM Commercial Trust's stock split? How did CIM Commercial Trust's stock split work?

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.

Has CIM Commercial Trust been receiving favorable news coverage?

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.

Who are some of CIM Commercial Trust's key competitors?

What other stocks do shareholders of CIM Commercial Trust own?

Who are CIM Commercial Trust's key executives?

CIM Commercial Trust's management team includes the following people:
  • Mr. David A. Thompson CPA, CPA, Chief Exec. Officer (Age 55)
  • Mr. Jan F. Salit, Pres & Sec. (Age 68)
  • Mr. Nathan David DeBacker, Chief Financial Officer (Age 39)
  • Mr. Jolly Singh, Managing Director of Investments
  • Mr. Barry N. Berlin, Exec. VP of Fin. & Accounting, Treasurer and Assistant Sec. (Age 58)

What is CIM Commercial Trust's stock symbol?

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

Who are CIM Commercial Trust's major shareholders?

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.

Which institutional investors are selling CIM Commercial Trust stock?

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.

Which institutional investors are buying CIM Commercial Trust stock?

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.

How do I buy shares of 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.

What is CIM Commercial Trust's stock price today?

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

How big of a company is CIM Commercial Trust?

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.

What is CIM Commercial Trust's official website?

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

How can I contact CIM Commercial Trust?

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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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