Somewhat Positive Press Coverage Somewhat Unlikely to Impact CBL & Associates Properties (CBL) Share Price
Media headlines about CBL & Associates Properties (NYSE:CBL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CBL & Associates Properties earned a news impact score of 0.24 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 44.9166459433782 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- CBL & Associates Properties, Inc. (CBL) Active stock in the Investor Spotlight – Wall Street Morning (wallstreetmorning.com)
- Select Income REIT (SIR) & CBL & Associates Properties (CBL) Head-To-Head Survey (americanbankingnews.com)
- CBL & Associates Properties, Inc. (CBL) Earns Hold Rating from KeyCorp (americanbankingnews.com)
- Technical news From CBL & Associates Properties, Inc. (CBL) – Wall Street Morning (wallstreetmorning.com)
- 5 Fed-Proof Stocks Paying Up To 12%? 3 Good, 2 Bad (finance.yahoo.com)
Shares of CBL & Associates Properties (NYSE CBL) traded up 1.53% during trading on Wednesday, hitting $8.61. 2,976,827 shares of the stock were exchanged. CBL & Associates Properties has a 1-year low of $7.14 and a 1-year high of $12.35. The company has a market cap of $1.47 billion, a P/E ratio of 14.59 and a beta of 1.18. The firm’s 50-day moving average is $8.35 and its 200 day moving average is $8.56.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 12.31%. The ex-dividend date of this dividend is Friday, September 29th. CBL & Associates Properties’s dividend payout ratio is currently 179.66%.
A number of analysts have recently weighed in on the stock. Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Stifel Nicolaus assumed coverage on shares of CBL & Associates Properties in a research note on Friday, July 14th. They issued a “hold” rating and a $8.25 price objective for the company. BidaskClub upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Barclays PLC restated a “hold” rating and issued a $9.00 price objective on shares of CBL & Associates Properties in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.22.
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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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