CBL & Associates Properties, Inc. (CBL) Announces Quarterly Dividend of $0.25
CBL & Associates Properties (NYSE:CBL) declared a quarterly dividend on Thursday, August 28th, AR Network reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.245 per share on Wednesday, October 15th. This represents a $0.98 dividend on an annualized basis and a yield of 5.18%.
A number of research firms have recently commented on CBL. Analysts at Barclays raised their price target on shares of CBL & Associates Properties from $20.00 to $21.00 in a research note on Thursday, August 21st. On the ratings front, analysts at Jefferies Group raised their price target on shares of CBL & Associates Properties from $19.00 to $20.00 in a research note on Tuesday, July 22nd. Five equities research analysts have rated the stock with a hold rating, CBL & Associates Properties has an average rating of “Hold” and a consensus price target of $20.86.
CBL & Associates Properties (NYSE:CBL) traded down 0.47% during mid-day trading on Thursday, hitting $18.91. 871,307 shares of the company’s stock traded hands. CBL & Associates Properties has a 52 week low of $16.00 and a 52 week high of $20.66. The stock has a 50-day moving average of $19.1 and a 200-day moving average of $18.40. The company has a market cap of $3.220 billion and a price-to-earnings ratio of 35.38.
CBL & Associates Properties (NYSE:CBL) last announced its earnings results on Tuesday, July 29th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.02. The company had revenue of $256.90 million for the quarter, compared to the consensus estimate of $250.56 million. During the same quarter last year, the company posted $0.55 earnings per share. CBL & Associates Properties’s revenue was up .5% compared to the same quarter last year. Analysts expect that CBL & Associates Properties will post $2.23 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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