CIM Commercial Trust (NASDAQ:CMCT) posted its earnings results on Tuesday, November 13th. The real estate investment trust reported ($0.10) EPS for the quarter, Zacks reports. The company had revenue of $47.64 million for the quarter. CIM Commercial Trust had a return on equity of 6.19% and a net margin of 12.02%.
Shares of CIM Commercial Trust stock opened at $17.05 on Friday. CIM Commercial Trust has a one year low of $11.75 and a one year high of $20.40. The company has a quick ratio of 5.00, a current ratio of 5.00 and a debt-to-equity ratio of 1.75.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, December 14th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.93%.
Several equities analysts have recently weighed in on CMCT shares. BidaskClub downgraded CIM Commercial Trust from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. ValuEngine upgraded CIM Commercial Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th.
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CIM Commercial Trust Company Profile
CIM Commercial Trust is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, DC CIM Commercial Trust 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 asset management capabilities.
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