CBL & Associates Properties, Inc. (CBL) Plans Quarterly Dividend of $0.25
CBL & Associates Properties (NYSE:CBL) declared a quarterly dividend on Friday, May 30th, Stock Ratings Network.com reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.245 per share on Tuesday, July 15th. This represents a $0.98 dividend on an annualized basis and a yield of 5.22%.
A number of research firms have recently commented on CBL. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Friday, May 2nd. They now have a $19.00 price target on the stock. On the ratings front, analysts at Barclays reiterated an “overweight” rating on shares of CBL & Associates Properties in a research note on Tuesday, April 22nd. They now have a $19.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of CBL & Associates Properties from $21.00 to $20.00 in a research note on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $20.43.
Shares of CBL & Associates Properties (NYSE:CBL) traded down 0.11% during mid-day trading on Friday, hitting $18.76. 1,288,400 shares of the company’s stock traded hands. CBL & Associates Properties has a 1-year low of $16.00 and a 1-year high of $24.12. The stock’s 50-day moving average is $18.30 and its 200-day moving average is $17.84. The company has a market cap of $3.194 billion and a P/E ratio of 48.78.
CBL & Associates Properties (NYSE:CBL) last announced its earnings results on Monday, April 28th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $261.20 million for the quarter, compared to the consensus estimate of $255.70 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts expect that CBL & Associates Properties will post $2.20 EPS for the current fiscal year.
CBL & Associates Properties, Inc (NYSE:CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT).
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