Charles Garner Insider Buy
After the disclosing of a legal form filled with D.C. based-SEC; a telling deal became apparent. The Chief Executive Officer of Cim Commercial Trust Corp, Charles Garner; finalized a substantial deal in the open market by accumulating 78 shares at an average price per share of $17.2 of the Pinksheet-listed company having a total value of $1,341 U.S Dollars . It seems he is very active lately as in the last month, he quietly bought additional 416 shares of the company, worth $7,828 USD. This is a acquisition that is not going to remain unnoticed as Charles already owns 5,914 shares accounting for 0.01% of the Company’s market cap
The stock increased 4.63% or $0.78 on December 11, hitting $17.63. About 2,199 shares traded hands or 42.51% up from the average. CIM Commercial Trust Corp (NASDAQ:CMCT) has declined 6.29% since May 8, 2015 and is downtrending. It has underperformed by 3.27% the S&P500.
Another recent and important CIM Commercial Trust Corp (NASDAQ:CMCT) news was published by Businesswire.com which published an article titled: “PMC Commercial Trust Announces Name Change to CIM Commercial Trust Corporation ..” on April 28, 2014.
CIM Commercial Trust Corporation acquires, owns, and operates office properties in urban communities throughout the United States. The company has a market cap of $1.67 billion. The Firm operates in four business divisions: the acquisition, redevelopment, ownership, and management of office real estate ; multifamily real estate (multifamily segment); hotels (hotel segment), and lending activities (lending segment). It currently has negative earnings. The products for the Company’s office segment primarily include rental of office space and other tenant services, including tenant reimbursements, parking and storage space rental.
According to Zacks Investment Research, “CIM Commercial Trust Corporation is a real estate investment trust. It primarily makes equity and debt investments in substantially stabilized real estate and real estate-related assets, principally office properties. The Company also operates a real estate lending platform, which includes originating and servicing U.S. Small Business Administration-guaranteed loans as well as conventional loans. CIM Commercial Trust Corporation, formerly known as PMC Commercial Trust, is headquartered in Dallas, Texas.” Get a free copy of the Zacks research report on CIM Commercial Trust Corp (CMCT).
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