Press coverage about CBL & Associates Properties (NYSE:CBL) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CBL & Associates Properties earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.5514470043732 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- CBL & Associates Properties (CBL) PT Lowered to $5.00 (americanbankingnews.com)
- News Review: CBL & Associates Properties Inc. (NYSE:CBL … – The Oracle Examiner (oracleexaminer.com)
- CBL & Associates Properties, Inc. (CBL) Expected to Announce Earnings of $0.43 Per Share (americanbankingnews.com)
- Price to Earnings Ratio Evaluation – CBL & Associates Properties Inc (NYSE: CBL) – Stocks Market Cap (stocksmarketcap.com)
- 2 Stocks to Track: CBL & Associates Properties Inc. (NYSE:CBL), Kindred Healthcare Inc. (NYSE:KND) – The Oracle Examiner (oracleexaminer.com)
Several equities analysts recently commented on CBL shares. Zacks Investment Research downgraded shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Citigroup downgraded shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 price objective for the company. in a research note on Thursday, December 14th. Morgan Stanley reissued an “underweight” rating and issued a $4.75 price objective on shares of CBL & Associates Properties in a research note on Thursday, December 14th. Raymond James Financial downgraded shares of CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research note on Wednesday, December 20th. Finally, Jefferies Group reissued an “underperform” rating on shares of CBL & Associates Properties in a research note on Thursday, December 21st. Nine analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average target price of $6.86.
CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.41. The firm had revenue of $235.30 million during the quarter, compared to the consensus estimate of $246.46 million. CBL & Associates Properties had a net margin of 13.04% and a return on equity of 8.14%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. sell-side analysts expect that CBL & Associates Properties will post 1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 18.31%. The ex-dividend date of this dividend is Wednesday, March 28th. CBL & Associates Properties’s dividend payout ratio is presently 173.91%.
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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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