CBL & Associates Properties, Inc. (NYSE:CBL) – Analysts at Boenning Scattergood lowered their Q3 2017 earnings estimates for shares of CBL & Associates Properties in a report released on Monday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.56. Boenning Scattergood currently 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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Several other equities research analysts have also issued reports on CBL. BidaskClub raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. ValuEngine lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus assumed coverage on CBL & Associates Properties in a research report on Friday, July 14th. They set a “hold” rating and a $8.25 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of CBL & Associates Properties in a research report on Monday, May 22nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $6.00 target price (down from $10.00) on shares of CBL & Associates Properties in a research report on Saturday, June 3rd. One equities 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 company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.84.

CBL & Associates Properties (CBL) opened at 9.04 on Tuesday. The firm’s 50-day moving average is $8.60 and its 200-day moving average is $9.18. The company has a market capitalization of $1.55 billion, a PE ratio of 12.73 and a beta of 1.17. CBL & Associates Properties has a 52-week low of $7.14 and a 52-week high of $14.30.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 11.73%. The ex-dividend date was Wednesday, June 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is currently 179.66%.

A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of CBL & Associates Properties during the fourth quarter valued at $16,442,000. Macquarie Group Ltd. raised its stake in shares of CBL & Associates Properties by 3.9% in the fourth quarter. Macquarie Group Ltd. now owns 530,406 shares of the real estate investment trust’s stock valued at $6,099,000 after buying an additional 20,037 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of CBL & Associates Properties during the first quarter valued at $131,000. Adams Asset Advisors LLC purchased a new stake in shares of CBL & Associates Properties during the first quarter valued at $4,176,000. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of 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. 90.50% of the stock is owned by institutional investors.

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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