Media coverage about CBL & Associates Properties (NYSE:CBL) has trended somewhat negative recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CBL & Associates Properties earned a daily sentiment score of -0.04 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.7011976023582 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Zacks: Analysts Expect CBL & Associates Properties, Inc. (CBL) Will Post Quarterly Sales of $205.90 Million (americanbankingnews.com)
- Sizzling Stocks Update: Pitney Bowes Inc. (NYSE:PBI), CBL & Associates Properties, Inc (NYSE:CBL), GrafTech … (journalfinance.net)
- Everything Is Changing! Should You Dump Sysco Corporation (SYY), CBL & Associates Properties, Inc (CBL)? (gvtimes.com)
- Noteworthy Tuesday Option Activity: UAL, RGLD, CBL (nasdaq.com)
- New Research: Key Drivers of Growth for NVIDIA, Financial Institutions, Meta Financial Group, CBL & Associates … (globenewswire.com)
Shares of NYSE CBL remained flat at $$4.42 during midday trading on Friday. 1,023,669 shares of the company traded hands, compared to its average volume of 2,134,611. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.51 and a quick ratio of 0.51. CBL & Associates Properties has a 12-month low of $3.80 and a 12-month high of $9.10. The firm has a market capitalization of $763.19 million, a PE ratio of 2.13, a price-to-earnings-growth ratio of -0.84 and a beta of 0.96.
CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The firm had revenue of $214.59 million during the quarter, compared to analysts’ expectations of $210.72 million. CBL & Associates Properties had a net margin of 2.52% and a return on equity of 1.76%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. research analysts forecast that CBL & Associates Properties will post 1.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Monday, October 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 18.10%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 38.46%.
Several analysts have recently commented on CBL shares. Zacks Investment Research cut shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, June 19th. ValuEngine upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Bank of America reduced their price objective on shares of CBL & Associates Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a research note on Monday, August 13th. Stifel Nicolaus raised their price objective on shares of CBL & Associates Properties from $4.25 to $4.75 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Finally, BTIG Research cut shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating in a research note on Tuesday, August 7th. Ten equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. CBL & Associates Properties currently has an average rating of “Sell” and a consensus target price of $4.19.
About CBL & Associates Properties
Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 117 properties totaling 73.4 million square feet across 26 states, including 75 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.
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