Insider Investment: Avraham Shemesh Obtained 156 Shares of CIM Commercial Trust Corp (NASDAQ:CMCT)

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Avraham Shemesh Insider Buy

156 shares of Cim Commercial Trust Corp were acquired by Avraham Shemesh , the firm’s director. These insider shares are valued at around $2,682 which has been calculated on the basis of the average transactions stock price ($17.2 per each share). In the last month, he also obtained 803 shares that are worth $15,102 USD. This is a transaction that is not going to remain a secret as Avraham already has rights to 95.80 million shares accounting for 94.85% 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 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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