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

CBL & Associates Properties, Inc. (NYSE:CBL) – Equities research analysts at Boenning Scattergood reduced their Q1 2018 earnings per share estimates for shares of CBL & Associates Properties in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $0.51 per share for the quarter, down from their prior estimate of $0.53. Boenning Scattergood currently 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.

CBL has been the subject of several other reports. Raymond James Financial lowered CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Wednesday, December 20th. Bank of America lowered CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 price objective for the company. in a research report on Friday, November 3rd. ValuEngine lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup lowered CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 price target for the company. in a research report on Thursday, December 14th. Finally, Wells Fargo & Co lowered CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research 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 stock. The company currently has an average rating of “Sell” and a consensus target price of $8.81.

CBL & Associates Properties (NYSE:CBL) opened at $5.50 on Wednesday. The firm has a market capitalization of $941.06, a P/E ratio of 8.73, a P/E/G ratio of 0.72 and a beta of 1.10. CBL & Associates Properties has a 52-week low of $5.31 and a 52-week high of $11.29. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.53 and a quick ratio of 0.53.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 14.55%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 126.98%.

A number of large investors have recently added to or reduced their stakes in CBL. BlackRock Inc. boosted its holdings in CBL & Associates Properties by 63.2% in the second quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock valued at $212,402,000 after purchasing an additional 9,758,738 shares during the period. Brookfield Asset Management Inc. raised its stake in CBL & Associates Properties by 12.7% in the second 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 buying an additional 1,665,655 shares in the last quarter. Principal Financial Group Inc. raised its stake in CBL & Associates Properties by 6,402.3% in the second quarter. Principal Financial Group Inc. now owns 1,322,120 shares of the real estate investment trust’s stock valued at $11,146,000 after buying an additional 1,301,787 shares in the last quarter. Ameriprise Financial Inc. raised its stake in CBL & Associates Properties by 143.7% in the second quarter. Ameriprise Financial Inc. now owns 2,202,367 shares of the real estate investment trust’s stock valued at $18,579,000 after buying an additional 1,298,747 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its stake in CBL & Associates Properties by 190.8% in the third quarter. Alpine Woods Capital Investors LLC now owns 1,838,616 shares of the real estate investment trust’s stock valued at $15,426,000 after buying an additional 1,206,425 shares in the last quarter. Hedge funds and other institutional investors own 95.81% 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.

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

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