Q1 2018 EPS Estimates for CBL & Associates Properties, Inc. Decreased by Boenning Scattergood (CBL)

CBL & Associates Properties, Inc. (NYSE:CBL) – Stock analysts at Boenning Scattergood reduced their Q1 2018 EPS estimates for CBL & Associates Properties in a research note issued to investors on Monday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $0.43 per share for the quarter, down from their prior estimate of $0.51. Boenning Scattergood has a “Sell” rating on the stock. Boenning Scattergood also issued estimates for CBL & Associates Properties’ Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.75 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.70 EPS.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.41. CBL & Associates Properties had a return on equity of 8.14% and a net margin of 13.04%. The business had revenue of $235.30 million during the quarter, compared to the consensus estimate of $246.46 million. During the same quarter last year, the firm posted $0.68 EPS. The company’s quarterly revenue was down 9.0% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the company. Citigroup downgraded CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 price target for the company. in a report on Thursday, December 14th. ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Raymond James Financial downgraded CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a report on Wednesday, December 20th. Jefferies Group reaffirmed an “underperform” rating on shares of CBL & Associates Properties in a report on Thursday, December 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $6.00 price objective on shares of CBL & Associates Properties in a research report on Friday, January 12th. Nine investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. CBL & Associates Properties has a consensus rating of “Sell” and an average target price of $8.64.

Shares of CBL & Associates Properties (NYSE:CBL) opened at $4.47 on Wednesday. CBL & Associates Properties has a twelve month low of $4.00 and a twelve month high of $10.75. The stock has a market capitalization of $766.48, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.60 and a beta of 1.06. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in CBL & Associates Properties by 4.7% during the 4th quarter. BlackRock Inc. now owns 26,276,039 shares of the real estate investment trust’s stock worth $148,724,000 after buying an additional 1,187,464 shares during the period. Brookfield Asset Management Inc. increased its position in CBL & Associates Properties by 12.7% during the 2nd quarter. Brookfield Asset Management Inc. now owns 14,811,925 shares of the real estate investment trust’s stock worth $124,865,000 after buying an additional 1,665,655 shares during the period. State Street Corp increased its position in CBL & Associates Properties by 16.1% during the 2nd quarter. State Street Corp now owns 6,874,361 shares of the real estate investment trust’s stock worth $57,954,000 after buying an additional 952,473 shares during the period. Schroder Investment Management Group increased its position in CBL & Associates Properties by 11,623.1% during the 4th quarter. Schroder Investment Management Group now owns 3,775,662 shares of the real estate investment trust’s stock worth $21,370,000 after buying an additional 3,743,455 shares during the period. Finally, Bank of New York Mellon Corp increased its position in CBL & Associates Properties by 14.9% during the 4th quarter. Bank of New York Mellon Corp now owns 3,516,069 shares of the real estate investment trust’s stock worth $19,900,000 after buying an additional 456,684 shares during the period. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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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.

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

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