CBL & Associates Properties, Inc. (NYSE:CBL) announced a quarterly dividend on Thursday, February 22nd, Zacks reports. Stockholders of record on Friday, March 30th will be given a dividend of 0.20 per share by the real estate investment trust on Tuesday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 18.31%. The ex-dividend date of this dividend is Wednesday, March 28th.

CBL & Associates Properties has increased its dividend payment by an average of 2.7% per year over the last three years. CBL & Associates Properties has a dividend payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CBL & Associates Properties to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 47.1%.

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CBL & Associates Properties (CBL) traded up $0.04 during midday trading on Friday, hitting $4.37. The stock had a trading volume of 1,424,001 shares, compared to its average volume of 3,578,119. CBL & Associates Properties has a 12 month low of $4.00 and a 12 month high of $10.11. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 3.42. The firm has a market cap of $725.10, a P/E ratio of 9.60, a PEG ratio of -0.80 and a beta of 1.17.

CBL & Associates Properties (NYSE:CBL) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.41. CBL & Associates Properties had a return on equity of 8.14% and a net margin of 13.04%. The business had revenue of $235.30 million for the quarter, compared to analysts’ expectations of $246.46 million. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. equities analysts predict that CBL & Associates Properties will post 1.75 EPS for the current fiscal year.

A number of research firms recently weighed in on CBL. Barclays restated an “equal weight” rating and issued a $5.00 price target (down previously from $6.00) on shares of CBL & Associates Properties in a research note on Wednesday, March 14th. Jefferies Group restated a “sell” rating and issued a $3.00 price target on shares of CBL & Associates Properties in a research note on Friday, February 23rd. Mizuho set a $5.00 price target on CBL & Associates Properties and gave the company a “sell” rating in a research note on Friday, February 16th. Boenning Scattergood restated a “sell” rating on shares of CBL & Associates Properties in a research note on Monday, February 12th. Finally, ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Nine analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has a consensus rating of “Sell” and an average target price of $6.47.

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About CBL & Associates Properties

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.

Dividend History for CBL & Associates Properties (NYSE:CBL)

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