Analysts expect that CBL & Associates Properties, Inc. (NYSE:CBL) will post sales of $235.11 million for the current quarter, Zacks reports. Five analysts have made estimates for CBL & Associates Properties’ earnings, with the highest sales estimate coming in at $240.43 million and the lowest estimate coming in at $229.73 million. CBL & Associates Properties posted sales of $251.72 million during the same quarter last year, which suggests a negative year over year growth rate of 6.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, November 2nd.

On average, analysts expect that CBL & Associates Properties will report full-year sales of $235.11 million for the current financial year, with estimates ranging from $936.18 million to $967.17 million. For the next fiscal year, analysts anticipate that the firm will report sales of $961.76 million per share, with estimates ranging from $924.89 million to $1.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover CBL & Associates Properties.

A number of brokerages recently issued reports on CBL. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Boenning Scattergood reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Monday, August 7th. 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 price objective for the company. BidaskClub upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Barclays PLC reiterated a “hold” rating and issued a $9.00 price objective on shares of CBL & Associates Properties in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.39.

A number of hedge funds have recently added to or reduced their stakes in CBL. Russell Investments Group Ltd. boosted its holdings in CBL & Associates Properties by 3.0% during the first quarter. Russell Investments Group Ltd. now owns 964,310 shares of the real estate investment trust’s stock valued at $9,201,000 after acquiring an additional 28,521 shares during the period. Great West Life Assurance Co. Can boosted its holdings in CBL & Associates Properties by 38.3% during the first quarter. Great West Life Assurance Co. Can now owns 139,483 shares of the real estate investment trust’s stock valued at $1,329,000 after acquiring an additional 38,605 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in CBL & Associates Properties by 0.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 188,515 shares of the real estate investment trust’s stock valued at $1,798,000 after acquiring an additional 978 shares during the period. First Trust Advisors LP boosted its holdings in CBL & Associates Properties by 18.4% during the first quarter. First Trust Advisors LP now owns 235,790 shares of the real estate investment trust’s stock valued at $2,249,000 after acquiring an additional 36,566 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in CBL & Associates Properties by 29.6% during 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 acquiring an additional 3,000 shares during the period. Institutional investors own 89.46% of the company’s stock.

CBL & Associates Properties (NYSE:CBL) traded down 1.18% during mid-day trading on Tuesday, reaching $8.40. The company’s stock had a trading volume of 595,628 shares. The firm’s 50 day moving average price is $8.37 and its 200 day moving average price is $8.68. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 14.29 and a beta of 1.16. CBL & Associates Properties has a 12-month low of $7.15 and a 12-month high of $13.09.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 12.47%. The ex-dividend date of this dividend is Friday, September 29th. CBL & Associates Properties’s dividend payout ratio (DPR) is 179.66%.

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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.

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

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