Q1 2018 EPS Estimates for CBL & Associates Properties, Inc. Lowered by Boenning Scattergood (CBL)

CBL & Associates Properties, Inc. (NYSE:CBL) – Equities researchers at Boenning Scattergood dropped their Q1 2018 earnings estimates for CBL & Associates Properties in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings of $0.51 per share for the quarter, down from their previous 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.

Other equities analysts have also issued reports about the stock. Citigroup lowered shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 target price for the company. in a report on Thursday, December 14th. Raymond James Financial lowered shares of CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a report on Wednesday, December 20th. Jefferies Group reiterated an “underperform” rating on shares of CBL & Associates Properties in a report on Thursday, December 21st. Stifel Nicolaus restated a “hold” rating and issued a $6.00 price objective on shares of CBL & Associates Properties in a report on Friday, January 12th. Finally, Hilliard Lyons lowered shares of CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a report on Friday, November 3rd. Nine research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company presently has an average rating of “Sell” and an average price target of $8.64.

CBL & Associates Properties (CBL) opened at $5.61 on Wednesday. CBL & Associates Properties has a 1-year low of $5.31 and a 1-year high of $11.11. The stock has a market cap of $959.88, a P/E ratio of 8.90, a PEG ratio of 0.72 and a beta of 1.10. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39.

CBL & Associates Properties (NYSE:CBL) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.57). CBL & Associates Properties had a net margin of 16.13% and a return on equity of 9.55%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in CBL & Associates Properties by 1.0% in the 2nd 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 period. BlackRock Inc. grew its position in shares of CBL & Associates Properties by 63.2% during the 2nd quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock valued at $212,402,000 after acquiring an additional 9,758,738 shares during the period. Brookfield Asset Management Inc. grew its position in shares of CBL & Associates Properties by 12.7% during 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 period. State Street Corp grew its position in shares of CBL & Associates Properties by 16.1% during 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 period. Finally, Northern Trust Corp grew its position in shares of CBL & Associates Properties by 10.2% during 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 period. Institutional investors own 95.81% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 14.26%. CBL & Associates Properties’s payout ratio is currently 126.98%.

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CBL & Associates Properties Company Profile

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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