NASDAQ:CMCTCIM Commercial Trust Stock Price, Forecast & News

$11.95

+1.05 (+9.63 %)

(As of 06/5/2020 03:28 PM ET)

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Today's Range

$11.42

Now: $11.95▼

$12.05

50-Day Range

$8.34

MA: $9.75▼

$10.88

52-Week Range

$6.27

Now: $11.95▼

$69.31

Volume2,219 shs

Average Volume26,367 shs

Market Capitalization$177.22 million

P/E Ratio6.46

Dividend Yield2.86%

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.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for CIM Commercial Trust.

2.3 Community Rank

Outperform Votes
CIM Commercial Trust has received 162 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CIM Commercial Trust has received 187 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CIM Commercial Trust has received 53.58% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CIM Commercial Trust and other stocks. Vote “Outperform” if you believe CMCT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CMCT will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
CIM Commercial Trust is a leading dividend payer. It pays a dividend yield of 2.86%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CIM Commercial Trust does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CIM Commercial Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 19.40% of the stock of CIM Commercial Trust is held by insiders.
Percentage Held by Institutions
39.16% of the stock of CIM Commercial Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for CIM Commercial Trust are expected to grow in the coming year, from ($1.03) to ($0.44) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CIM Commercial Trust is 6.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of CIM Commercial Trust is 6.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.56.
Price to Book Value per Share Ratio
CIM Commercial Trust has a P/B Ratio of 3.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.37 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Real estate investment trusts

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:CMCT

Previous Symbol

CUSIPN/A

CIK908311

Webwww.cimcommercial.com

Phone972-349-3200

Debt

Debt-to-Equity Ratio6.36

Current Ratio3.73

Quick Ratio3.73

Price-To-Earnings

Trailing P/E Ratio6.46

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$139.99 million

Price / Sales1.27

Cash Flow$2.88 per share

Price / Cash Flow4.15

Book Value$3.75 per share

Price / Book3.19

Profitability

EPS (Most Recent Fiscal Year)($0.50)

Net Income$345.67 million

Net Margins44.50%

Return on Equity2.38%

Return on Assets0.64%

Miscellaneous

Employees5

Outstanding Shares14,830,000

Market Cap$177.22 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CMCT shares have increased by 3.0% and is now trading at $11.95. 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) announced its earnings results on Monday, May, 11th. The real estate investment trust reported ($0.46) EPS for the quarter, beating the Zacks' consensus estimate of ($0.56) by $0.10. The real estate investment trust had revenue of $25.54 million for the quarter, compared to the consensus estimate 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 announced a quarterly dividend on Wednesday, June 3rd. Stockholders 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 dividend on an annualized basis and a yield of 2.51%. 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 market closes 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 stories about CMCT stock have been trending positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. CIM Commercial Trust earned a news sentiment score of 2.4 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCIM Commercial Trust.

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

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.

What other stocks do shareholders of CIM Commercial Trust own?

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).

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 many different retail and institutional 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 major 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 major investors are buying CIM Commercial Trust stock?

CMCT stock was purchased 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 $11.95.

How big of a company is CIM Commercial Trust?

CIM Commercial Trust has a market capitalization of $177.22 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 6/5/2020 by MarketBeat.com Staff