CBL & Associates Properties, Inc. (NYSE:CBL) – Stock analysts at Boenning Scattergood reduced their Q3 2017 EPS estimates for shares of CBL & Associates Properties in a research note issued on Monday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $0.55 per share for the quarter, down from their previous forecast of $0.56. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for CBL & Associates Properties’ FY2017 earnings at $2.18 EPS, Q2 2018 earnings at $0.49 EPS and Q3 2018 earnings at $0.53 EPS.

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CBL has been the subject of several other research reports. BidaskClub upgraded shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Stifel Nicolaus began coverage on shares of CBL & Associates Properties in a report on Friday, July 14th. They issued a “hold” rating and a $8.25 target price for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $11.00 target price on shares of CBL & Associates Properties in a report on Friday, June 16th. ValuEngine downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC reiterated a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.84.

CBL & Associates Properties (CBL) opened at 8.98 on Tuesday. CBL & Associates Properties has a 52 week low of $7.15 and a 52 week high of $14.30. The company has a market cap of $1.54 billion, a PE ratio of 12.65 and a beta of 1.17. The company has a 50-day moving average price of $8.60 and a 200 day moving average price of $9.16.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.06 annualized dividend and a dividend yield of 11.80%. CBL & Associates Properties’s dividend payout ratio (DPR) is 179.66%.

Institutional investors have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. increased its position in CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CBL & Associates Properties by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,881 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,163 shares during the period. Eqis Capital Management Inc. increased its position in CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,843 shares during the period. Daiwa Securities Group Inc. increased its position in CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 3,000 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in CBL & Associates Properties during the first quarter valued at approximately $131,000. Institutional investors and hedge funds own 90.50% of the company’s stock.

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.

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

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