Headlines about CBL & Associates Properties (NYSE:CBL) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CBL & Associates Properties earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.5514470043732 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- CBL & Associates Properties, Inc. (CBL) (seekingalpha.com)
- CBL & Associates Properties (CBL) Downgraded by ValuEngine to Hold (americanbankingnews.com)
- CBL & Associates Properties Inc, NYSE: CBL, CBL Technical Secrets – SeaDrill Limited (NYSE: SDRL) – Stocks Market Cap (stocksmarketcap.com)
- Analyst Rating on Stock: CBL & Associates Properties, Inc (CBL) – Nasdaq Chronicle (nasdaqchronicle.com)
- CBL Properties Year-to-Date Sales off to Strong Start and Exceed National Average (finance.yahoo.com)
A number of research analysts have recently commented on the company. Raymond James Financial downgraded CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Wednesday, December 20th. Stifel Nicolaus restated a “hold” rating and issued a $6.00 price target on shares of CBL & Associates Properties in a research report on Friday, January 12th. ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Morgan Stanley restated an “underweight” rating and issued a $4.75 price target on shares of CBL & Associates Properties in a research report on Thursday, December 14th. Finally, Citigroup downgraded CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 price target for the company. in a research report on Thursday, December 14th. Nine research 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 $6.47.
CBL & Associates Properties (NYSE:CBL) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.41. The business had revenue of $235.30 million for the quarter, compared to analyst estimates of $246.46 million. CBL & Associates Properties had a return on equity of 8.14% and a net margin of 13.04%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. research analysts expect that CBL & Associates Properties will post 1.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.80 annualized dividend and a dividend yield of 19.18%. CBL & Associates Properties’s dividend payout ratio is currently 177.78%.
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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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