Richard Ressler Insider Buy
The director of Cim Commercial Trust Corp, Richard Ressler is in the stock market news today. We discovered in a document filled by Richard Ressler and submitted to the SEC on December 11, 2015, he purchased 316 shares from the Texas-based company worth $5,434 US Dollars . Richard Ressler’s shares average price was $17.2. He also acquired 1,579 shares worth about $29,683 USD in the last 30 days. Due to the size of the deal there is little probability that it will stay unseen. Richard Ressler now holds 95.81 million shares or 94.86% of Cim Commercial Trust Corp’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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