CIM Commercial Trust (CMCT) Sets New 12-Month High at $21.44

CIM Commercial Trust Corp (NASDAQ:CMCT) reached a new 52-week high during trading on Thursday . The stock traded as high as $21.44 and last traded at $21.44, with a volume of 407 shares changing hands. The stock had previously closed at $19.38.

Separately, BidaskClub raised CIM Commercial Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st.

The company has a debt-to-equity ratio of 0.26, a current ratio of 17.56 and a quick ratio of 17.56.

Institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its position in shares of CIM Commercial Trust by 83.9% during the fourth quarter. Wedbush Securities Inc. now owns 132,888 shares of the real estate investment trust’s stock valued at $2,017,000 after buying an additional 60,627 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of CIM Commercial Trust during the third quarter valued at $295,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of CIM Commercial Trust during the first quarter valued at $37,000. 1.23% of the stock is currently owned by institutional investors.

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About CIM Commercial Trust (NASDAQ:CMCT)

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, DC 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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