Bank of New York Mellon Corp lowered its stake in CIM Commercial Trust Corporation (NASDAQ:CMCT) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,319 shares of the real estate investment trust’s stock after selling 1 shares during the period. Bank of New York Mellon Corp’s holdings in CIM Commercial Trust Corporation were worth $182,000 as of its most recent SEC filing.

CIM Commercial Trust Corporation (CMCT) traded up 0.0000% on Friday, hitting $15.7286. 1 shares of the stock traded hands. CIM Commercial Trust Corporation has a 52-week low of $14.54 and a 52-week high of $20.40. The company’s 50 day moving average price is $15.89 and its 200-day moving average price is $15.98. The stock has a market cap of $910.29 million, a price-to-earnings ratio of 4.4977 and a beta of 0.18.

The business also recently declared a dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 20th were paid a $0.125 dividend. The ex-dividend date was Tuesday, July 18th.

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Separately, TheStreet raised shares of CIM Commercial Trust Corporation from a “c” rating to a “b-” rating in a report on Wednesday, May 24th.

In other CIM Commercial Trust Corporation news, major shareholder Urban Partners Ii, Llc sold 26,181,818 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $22.00, for a total value of $575,999,996.00. Following the sale, the insider now owns 55,718,648 shares in the company, valued at approximately $1,225,810,256. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 98.20% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for CIM Commercial Trust Corporation (NASDAQ:CMCT)

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