CBL & Associates Properties, Inc. (NYSE:CBL) – Equities research analysts at Boenning Scattergood lowered their Q1 2018 earnings per share estimates for CBL & Associates Properties in a report released on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will earn $0.51 per share for the quarter, down from their prior estimate of $0.53. Boenning Scattergood has a “Under Perform” rating on the stock. Boenning Scattergood also issued estimates for CBL & Associates Properties’ Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.03 EPS, Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.45 EPS and FY2019 earnings at $1.98 EPS.

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $7.50 price target on shares of CBL & Associates Properties in a research report on Friday, November 3rd. Wells Fargo & Co lowered CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Morgan Stanley reissued an “underweight” rating and set a $4.75 price objective on shares of CBL & Associates Properties in a research note on Thursday, December 14th. Finally, Mizuho lowered CBL & Associates Properties from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 8th. Nine investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has an average rating of “Sell” and an average target price of $8.81.

Shares of CBL & Associates Properties (NYSE CBL) traded up $0.02 during midday trading on Wednesday, hitting $5.75. The stock had a trading volume of 564,962 shares, compared to its average volume of 4,610,000. The stock has a market capitalization of $982.12, a PE ratio of 9.13, a PEG ratio of 0.72 and a beta of 1.10. CBL & Associates Properties has a one year low of $5.31 and a one year high of $11.25. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.53 and a current ratio of 0.53.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in CBL & Associates Properties by 1.0% during the second quarter. Vanguard Group Inc. now owns 35,109,341 shares of the real estate investment trust’s stock worth $295,972,000 after purchasing an additional 353,411 shares during the last quarter. BlackRock Inc. lifted its stake in CBL & Associates Properties by 63.2% during the second quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock worth $212,402,000 after purchasing an additional 9,758,738 shares during the last quarter. Brookfield Asset Management Inc. lifted its stake in shares of CBL & Associates Properties by 12.7% in the 2nd quarter. Brookfield Asset Management Inc. now owns 14,811,925 shares of the real estate investment trust’s stock valued at $124,865,000 after acquiring an additional 1,665,655 shares during the last quarter. State Street Corp lifted its stake in shares of CBL & Associates Properties by 16.1% in the 2nd quarter. State Street Corp now owns 6,874,361 shares of the real estate investment trust’s stock valued at $57,954,000 after acquiring an additional 952,473 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of CBL & Associates Properties by 10.2% in the 2nd quarter. Northern Trust Corp now owns 4,354,255 shares of the real estate investment trust’s stock valued at $36,706,000 after acquiring an additional 403,257 shares during the last quarter. 95.81% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 13.91%. The ex-dividend date is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is currently 126.98%.

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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.

Earnings History and Estimates for CBL & Associates Properties (NYSE:CBL)

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