CIM Commercial Trust Corp (CMCT) Receives News Impact Rating of 0.32
Press coverage about CIM Commercial Trust Corp (NASDAQ:CMCT) has been trending positive this week, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CIM Commercial Trust Corp earned a media sentiment score of 0.32 on AlphaOne’s scale. AlphaOne also gave media stories about the real estate investment trust an impact score of 75 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the immediate future.
Shares of CIM Commercial Trust Corp (NASDAQ:CMCT) traded up 0.40% during trading on Friday, reaching $16.50. The company’s stock had a trading volume of 1,102 shares. The company has a market capitalization of $1.39 billion, a PE ratio of 43.65 and a beta of 0.32. CIM Commercial Trust Corp has a 1-year low of $14.54 and a 1-year high of $20.27. The stock has a 50 day moving average of $16.21 and a 200-day moving average of $15.70.
The business also recently announced a special dividend, which will be paid on Monday, April 24th. Investors of record on Monday, April 17th will be paid a dividend of $0.28 per share. This represents a yield of 5.32%. This is a boost from CIM Commercial Trust Corp’s previous special dividend of $0.22. The ex-dividend date is Wednesday, April 12th. CIM Commercial Trust Corp’s payout ratio is presently 191.30%.
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About CIM Commercial Trust Corp
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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