PMC Commercial Trust (CMCT) Rating Increased to Buy at BidaskClub

PMC Commercial Trust (NASDAQ:CMCT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, TheStreet cut shares of PMC Commercial Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, March 27th.

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CMCT stock opened at $14.95 on Friday. PMC Commercial Trust has a one year low of $11.75 and a one year high of $20.45. The company has a current ratio of 7.13, a quick ratio of 7.13 and a debt-to-equity ratio of 1.59.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in shares of PMC Commercial Trust by 8.3% in the second quarter. Northern Trust Corp now owns 21,243 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 1,620 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of PMC Commercial Trust by 76.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 50,692 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 21,942 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of PMC Commercial Trust by 593.3% in the fourth quarter. Bank of New York Mellon Corp now owns 82,684 shares of the real estate investment trust’s stock valued at $1,579,000 after purchasing an additional 70,757 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of PMC Commercial Trust by 1.9% in the second quarter. Vanguard Group Inc. now owns 114,692 shares of the real estate investment trust’s stock valued at $1,824,000 after purchasing an additional 2,184 shares during the period. Hedge funds and other institutional investors own 1.61% of the company’s stock.

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About PMC Commercial Trust

CIM Commercial Trust Corporation (NASDAQ: CMCT) is a real estate investment trust (REIT) that principally invests in, owns, and operates Class-A and creative office properties located in high density, high barrier-to-entry urban markets in the United States such as the San Francisco Bay Area, Washington, DC and Los Angeles.

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