Somewhat Positive News Coverage Somewhat Unlikely to Impact CBL & Associates Properties (CBL) Stock Price
News coverage about CBL & Associates Properties (NYSE:CBL) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBL & Associates Properties earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 47.3607522970917 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Greenwich Investment Management, Inc. Buys TPG Specialty Lending Inc, Easterly Government Properties Inc, CBL … – GuruFocus.com (gurufocus.com)
- CBL & Associates – Second-Quarter Update – Seeking Alpha (seekingalpha.com)
- CBL & Associates Properties, Inc. (CBL) Expected to Post Earnings of $0.53 Per Share (americanbankingnews.com)
- See what the IHS Markit Score report has to say about CBL & Associates Properties Inc. (finance.yahoo.com)
- Retail REITs Say They Have Lots of Life Left — WSJ – Fox Business (foxbusiness.com)
CBL & Associates Properties (NYSE:CBL) traded down 2.10% during trading on Friday, reaching $8.40. 5,581,284 shares of the company’s stock were exchanged. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.29 and a beta of 1.17. The stock’s 50-day moving average price is $8.66 and its 200-day moving average price is $9.10. CBL & Associates Properties has a 52-week low of $7.15 and a 52-week high of $14.30.
The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 12.62%. CBL & Associates Properties’s payout ratio is 179.66%.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. BidaskClub upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Boenning Scattergood reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. Stifel Nicolaus assumed coverage on shares of CBL & Associates Properties in a research note on Friday, July 14th. They set a “hold” rating and a $8.25 price objective on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $11.00 price objective on shares of CBL & Associates Properties in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.84.
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CBL & Associates Properties Company Profile
CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.
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