Wall Street analysts forecast that CBL & Associates Properties, Inc. (NYSE:CBL) will announce earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for CBL & Associates Properties’ earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.60. CBL & Associates Properties reported earnings of $0.68 per share in the same quarter last year, which would suggest a negative year over year growth rate of 14.7%. The business is expected to issue its next earnings results after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that CBL & Associates Properties will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.08 to $2.11. For the next financial year, analysts anticipate that the firm will post earnings of $2.00 per share, with EPS estimates ranging from $1.91 to $2.10. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow CBL & Associates Properties.

Several research firms recently weighed in on CBL. ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group restated an “underperform” rating on shares of CBL & Associates Properties in a research note on Thursday, December 21st. Raymond James Financial cut CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research note on Wednesday, December 20th. Morgan Stanley restated an “underweight” rating and set a $4.75 target price on shares of CBL & Associates Properties in a research note on Thursday, December 14th. Finally, Citigroup cut CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 target price for the company. in a research note on Thursday, December 14th. Nine research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus price target of $8.81.

Shares of CBL & Associates Properties (NYSE CBL) traded up $0.08 on Friday, hitting $5.71. The stock had a trading volume of 2,141,300 shares, compared to its average volume of 3,178,525. The stock has a market cap of $976.99, a PE ratio of 9.06, a PEG ratio of 0.73 and a beta of 1.10. CBL & Associates Properties has a fifty-two week low of $5.31 and a fifty-two week high of $11.82. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 14.01%. The ex-dividend date of this dividend is Thursday, December 28th. CBL & Associates Properties’s payout ratio is 126.98%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC acquired a new position in CBL & Associates Properties during the third quarter worth approximately $871,000. California Public Employees Retirement System increased its position in CBL & Associates Properties by 9.7% during the third quarter. California Public Employees Retirement System now owns 728,683 shares of the real estate investment trust’s stock worth $6,114,000 after buying an additional 64,298 shares during the period. Point72 Asset Management L.P. acquired a new position in CBL & Associates Properties during the third quarter worth approximately $190,000. First Allied Advisory Services Inc. increased its position in CBL & Associates Properties by 24.5% during the third quarter. First Allied Advisory Services Inc. now owns 66,905 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 13,157 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in CBL & Associates Properties by 2.7% during the third quarter. Asset Management One Co. Ltd. now owns 386,444 shares of the real estate investment trust’s stock worth $3,367,000 after buying an additional 10,218 shares during the period. 95.81% of the stock is currently owned by institutional investors.

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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.

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