Analysts predict that CBL & Associates Properties, Inc. (NYSE:CBL) will announce $0.60 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have made estimates for CBL & Associates Properties’ earnings. The lowest EPS estimate is $0.57 and the highest is $0.63. CBL & Associates Properties posted earnings of $0.30 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The firm is expected to report its next earnings results on Wednesday, February 7th.

On average, analysts expect that CBL & Associates Properties will report full-year earnings of $2.15 per share for the current year, with EPS estimates ranging from $2.08 to $2.27. For the next fiscal year, analysts expect that the business will report earnings of $2.13 per share, with EPS estimates ranging from $1.93 to $2.26. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover CBL & Associates Properties.

A number of equities research analysts recently issued reports on CBL shares. BidaskClub upgraded shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Boenning Scattergood reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Monday, August 7th. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. ValuEngine cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Wednesday, October 4th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.72.

A number of hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,027 shares during the period. WFG Advisors LP bought a new stake in shares of CBL & Associates Properties in the second quarter valued at about $124,000. ARP Americas LLC bought a new stake in shares of CBL & Associates Properties in the second quarter valued at about $125,000. Daiwa Securities Group Inc. lifted its stake in shares of CBL & Associates Properties by 19.0% in the second quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,500 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of CBL & Associates Properties by 152.2% in the second quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 9,594 shares during the period. Institutional investors own 98.69% of the company’s stock.

Shares of CBL & Associates Properties (CBL) opened at $5.67 on Tuesday. The stock has a market cap of $1,047.14, a price-to-earnings ratio of 2.78, a P/E/G ratio of 0.72 and a beta of 1.22. CBL & Associates Properties has a fifty-two week low of $5.46 and a fifty-two week high of $12.34. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39.

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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is 165.63%.

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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.

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

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