$243.61 Million in Sales Expected for CBL & Associates Properties, Inc. (CBL) This Quarter

Analysts expect that CBL & Associates Properties, Inc. (NYSE:CBL) will report $243.61 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for CBL & Associates Properties’ earnings. The lowest sales estimate is $232.40 million and the highest is $255.00 million. CBL & Associates Properties reported sales of $258.49 million in the same quarter last year, which indicates a negative year over year growth rate of 5.8%. The business is scheduled to announce its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that CBL & Associates Properties will report full-year sales of $243.61 million for the current fiscal year, with estimates ranging from $909.43 million to $962.10 million. For the next financial year, analysts forecast that the firm will post sales of $921.89 million per share, with estimates ranging from $864.65 million to $968.80 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow CBL & Associates Properties.

CBL has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.50 target price on shares of CBL & Associates Properties in a research report on Friday, November 3rd. Wells Fargo & Company cut shares of CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Friday, November 3rd. Boenning Scattergood cut shares of CBL & Associates Properties from a “neutral” rating to an “under perform” rating in a research report on Friday, November 3rd. Mizuho cut shares of CBL & Associates Properties from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.72.

CBL & Associates Properties (NYSE CBL) opened at $5.62 on Monday. CBL & Associates Properties has a 1 year low of $5.46 and a 1 year high of $12.34. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $961.59, a PE ratio of 2.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 14.23%. CBL & Associates Properties’s dividend payout ratio is presently 165.63%.

A number of large investors have recently modified their holdings of CBL. Teachers Advisors LLC raised its holdings in CBL & Associates Properties by 2.7% in the first quarter. Teachers Advisors LLC now owns 349,745 shares of the real estate investment trust’s stock valued at $3,337,000 after acquiring an additional 9,217 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in CBL & Associates Properties by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,397,174 shares of the real estate investment trust’s stock valued at $22,868,000 after acquiring an additional 86,122 shares in the last quarter. Capstone Asset Management Co. acquired a new stake in CBL & Associates Properties in the second quarter valued at approximately $142,000. Bank of Montreal Can raised its holdings in CBL & Associates Properties by 152.2% in the second quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 9,594 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in CBL & Associates Properties by 848.6% in the second quarter. Nisa Investment Advisors LLC now owns 20,110 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 17,990 shares in the last quarter. 95.84% of the stock is currently owned by hedge funds and other institutional investors.

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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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