PMC Commercial Trust Director Richard S. Ressler Acquires 3,800 Shares (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) Director Richard S. Ressler acquired 3,800 shares of PMC Commercial Trust stock on the open market in a transaction dated Tuesday, June 24th. The shares were purchased at an average cost of $22.14 per share, with a total value of $84,132.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of PMC Commercial Trust (NASDAQ:CMCT) traded up 0.27% during mid-day trading on Tuesday, hitting $22.07. 4,498 shares of the company’s stock traded hands. PMC Commercial Trust has a 52-week low of $21.45 and a 52-week high of $51.20. The stock has a 50-day moving average of $22.67 and a 200-day moving average of $35.3. The company has a market cap of $2.153 billion and a price-to-earnings ratio of 37.18.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Monday, June 23rd will be given a dividend of $0.2188 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, June 19th.
CIM Commerical Trust Corp, formerly PMC Commercial Trust, together with its wholly owned subsidiaries is a real estate investment trust (NASDAQ:CMCT) that primarily originates loans to small businesses collateralized by first liens on the real estate of the related business.