Schwab Charles Investment Management Inc. lessened its stake in shares of CIM Commercial Trust Corporation (NASDAQ:CMCT) by 40.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,750 shares of the real estate investment trust’s stock after selling 19,707 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in CIM Commercial Trust Corporation were worth $458,000 at the end of the most recent reporting period.
Separately, Geode Capital Management LLC grew its position in CIM Commercial Trust Corporation by 1.2% in the first quarter. Geode Capital Management LLC now owns 109,138 shares of the real estate investment trust’s stock worth $1,757,000 after buying an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 0.69% of the company’s stock.
CIM Commercial Trust Corporation (NASDAQ:CMCT) opened at $17.95 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 12.40 and a quick ratio of 12.40. The stock has a market cap of $1,044.66, a P/E ratio of 150.42 and a beta of 0.12. CIM Commercial Trust Corporation has a 12-month low of $15.10 and a 12-month high of $20.45.
Separately, ValuEngine upgraded shares of CIM Commercial Trust Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th.
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About CIM Commercial Trust Corporation
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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