CBL & Associates Properties Receives Average Rating of “Hold” from Analysts (NYSE:CBL)
Shares of CBL & Associates Properties (NYSE:CBL) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, AnalystRatings.Net reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $20.71.
Shares of CBL & Associates Properties (NYSE:CBL) traded down 0.47% during mid-day trading on Monday, hitting $19.02. The stock had a trading volume of 107,849 shares. CBL & Associates Properties has a 52 week low of $16.00 and a 52 week high of $24.12. The stock has a 50-day moving average of $18.73 and a 200-day moving average of $17.89. The company has a market cap of $3.238 billion and a price-to-earnings ratio of 49.64.
CBL & Associates Properties (NYSE:CBL) last announced its earnings results on Monday, April 28th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that CBL & Associates Properties will post $2.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Thursday, June 26th.
A number of analysts have recently weighed in on CBL shares. Analysts at Barclays reiterated an “overweight” rating on shares of CBL & Associates Properties in a research note on Friday. They now have a $21.00 price target on the stock, up previously from $19.00. Separately, 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.
CBL & Associates Properties, Inc (NYSE:CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT).
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