CIM Commercial Trust Corp (NASDAQ:CMCT) has been downgraded to Sell in a report by TheStreet today.
- Updated: September 17, 2016
Showing a price of $15.51, CIM Commercial Trust Corp (NASDAQ:CMCT) traded 1.78% lower on the day. With the last close down 11.09% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. CIM Commercial Trust Corp has recorded a 50-day average of $15.92 and two hundred day average of $17.39. 129,542 shares of the stock traded hands, up from ann average volume of 9,322
TheStreet has downgraded CIM Commercial Trust Corp(NASDAQ:CMCT) to Sell in a report released Wednesday August 17 2016.
Recent Performance Graphic:
With a total market value of $0.0, CIM Commercial Trust Corp has a P/E of 34 with a one-year low of $14.54 and a one-year high of $21.55.
Brief Synopsis On CIM Commercial Trust Corp (NASDAQ:CMCT)
CIM Commercial Trust Corporation is engaged in acquiring, owning and operating Class A 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 operates in the business segments, including the acquisition, redevelopment, ownership and management of office real estate, multifamily real estate and hotels. Its real estate portfolio consists of over 30 assets. It has approximately 20 office properties (including over two parking garages and over two development sites), totaling approximately 5.6 million rentable square feet, which are approximately 86.9% occupied; multifamily properties, composed of over 930 units, which are approximately 92.4% occupied, and hotels, which have a total of approximately 1, 070 rooms. Its office, and multifamily and hotel assets are located in over 10 of the United States markets.
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