CBL & Associates Properties (CBL) Earning Favorable News Coverage, Study Finds
News stories about CBL & Associates Properties (NYSE:CBL) have trended positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBL & Associates Properties earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 44.9743505053417 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- City of Brookfield chooses hotel operator (biztimes.com)
- Five-story, 170-room hotel and conference center proposed for Brookfield Square mall site – Milwaukee Journal Sentinel (jsonline.com)
- What Does Technical Indicators say About CBL & Associates Properties Inc. (NYSE:CBL)? – The Oracle Examiner (oracleexaminer.com)
- CBL & Associates Properties, Inc. : CBL-US: Dividend Analysis : October 02nd, 2017 (record date) : By the numbers : October 16, 2017 (finance.yahoo.com)
- Average True Range Indicator can help out on CBL & Associates Properties, Inc. (CBL) – Wall Street Morning (wallstreetmorning.com)
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. 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 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. BidaskClub upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Barclays PLC reiterated a “hold” rating and set a $9.00 price objective on shares of CBL & Associates Properties in a research note on Friday, June 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.22.
Shares of CBL & Associates Properties (NYSE:CBL) traded up 0.59% during trading on Tuesday, reaching $8.56. The company’s stock had a trading volume of 1,693,053 shares. The company has a 50 day moving average of $8.40 and a 200 day moving average of $8.54. The company has a market cap of $1.46 billion, a PE ratio of 14.56 and a beta of 1.18. CBL & Associates Properties has a 12-month low of $7.15 and a 12-month high of $12.35.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a $0.265 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.06 annualized dividend and a dividend yield of 12.38%. CBL & Associates Properties’s payout ratio is 179.66%.
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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