CBL & Associates Properties, Inc. (NYSE:CBL) has been assigned a consensus rating of “Sell” from the fifteen analysts that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.89.

Several brokerages have recently issued reports on CBL. Raymond James Financial lowered shares of CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Wednesday, December 20th. Mizuho set a $5.00 target price on shares of CBL & Associates Properties and gave the company a “sell” rating in a research report on Friday, February 16th. ValuEngine lowered shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup lowered shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 target price on the stock. in a research report on Thursday, December 14th. Finally, Jefferies Group reiterated a “sell” rating and issued a $3.00 target price on shares of CBL & Associates Properties in a research report on Friday, February 23rd.

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Shares of NYSE CBL traded down $0.01 during trading on Wednesday, hitting $4.45. The company had a trading volume of 1,744,548 shares, compared to its average volume of 3,646,980. CBL & Associates Properties has a fifty-two week low of $4.00 and a fifty-two week high of $10.11. The firm has a market cap of $756.18, a price-to-earnings ratio of 2.14, a price-to-earnings-growth ratio of -0.83 and a beta of 1.15. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 3.42.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.80 dividend on an annualized basis and a yield of 17.98%. CBL & Associates Properties’s payout ratio is presently 38.46%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in CBL & Associates Properties by 4.7% during the fourth quarter. BlackRock Inc. now owns 26,276,039 shares of the real estate investment trust’s stock worth $148,724,000 after acquiring an additional 1,187,464 shares during the last quarter. Schroder Investment Management Group boosted its position in CBL & Associates Properties by 11,623.1% during the fourth quarter. Schroder Investment Management Group now owns 3,775,662 shares of the real estate investment trust’s stock worth $21,370,000 after acquiring an additional 3,743,455 shares during the last quarter. Bank of New York Mellon Corp boosted its position in CBL & Associates Properties by 14.9% during the fourth quarter. Bank of New York Mellon Corp now owns 3,516,069 shares of the real estate investment trust’s stock worth $19,900,000 after acquiring an additional 456,684 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in CBL & Associates Properties by 2.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,838,718 shares of the real estate investment trust’s stock worth $16,068,000 after acquiring an additional 57,221 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in CBL & Associates Properties by 5.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,615,849 shares of the real estate investment trust’s stock worth $21,949,000 after acquiring an additional 139,145 shares during the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.

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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.

Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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