Cim Commercial Trust Corp (CMCT): Avraham Shemesh , director 10% owner of Cim Commercial Trust Corp purchased 60 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $18.48 per share for a total value of $1,108.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Richard S Ressler (director 10% owner) purchased 240 shares at $18.84 per share price.On May 5, 2016, Kelly Eppich (director) purchased 60 shares at $18.84 per share price.Also, On May 5, 2016, Avraham Shemesh (director 10% owner) purchased 120 shares at $18.84 per share price.On May 5, 2016, Shaul Kuba (director 10% owner) purchased 120 shares at $18.84 per share price.
Shares of CIM Commercial Trust Corp (CMCT) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.26 points or -1.39% at $18.48 with 686 shares getting traded. Post opening the session at $18, the shares hit an intraday low of $18 and an intraday high of $18.48 and the price vacillated in this range throughout the day. The company has a market cap of $1,805 M and the number of outstanding shares has been calculated to be 9,76,66,021 shares. The 52-week high of CIM Commercial Trust Corp is $21.55 and the 52-week low is $14.31.
CIM Commercial Trust Corporation acquires owns and operates office properties in urban communities throughout the United States. The Company operates in four business segments: the acquisition redevelopment ownership and management of office real estate (office segment); multifamily real estate (multifamily segment); hotels (hotel segment) and lending operations (lending segment). 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. The products for its multifamily segment include rental of apartments and other tenant services. The products of its hotel segment include operations of hotel properties a garage and an investment in a note receivable secured by a hotel property. The lending segment includes the yield and other related fee income earned on its loans receivable.