Wall Street analysts expect CBL & Associates Properties, Inc. (NYSE:CBL) to post earnings per share (EPS) of $0.43 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for CBL & Associates Properties’ earnings. The lowest EPS estimate is $0.41 and the highest is $0.49. CBL & Associates Properties reported earnings per share of $0.52 during the same quarter last year, which would suggest a negative year over year growth rate of 17.3%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that CBL & Associates Properties will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.73 to $1.98. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.70 per share, with EPS estimates ranging from $1.54 to $1.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CBL & Associates Properties.
CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.41. The business had revenue of $235.30 million during the quarter, compared to analysts’ expectations of $246.46 million. CBL & Associates Properties had a return on equity of 8.14% and a net margin of 13.04%. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS.
Shares of CBL & Associates Properties (CBL) traded down $0.32 during mid-day trading on Wednesday, hitting $4.40. The stock had a trading volume of 5,052,506 shares, compared to its average volume of 3,551,952. The firm has a market cap of $807.97, a PE ratio of 9.76, a PEG ratio of -0.89 and a beta of 1.17. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 3.42. CBL & Associates Properties has a fifty-two week low of $4.00 and a fifty-two week high of $10.11.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.80 dividend on an annualized basis and a yield of 18.18%. CBL & Associates Properties’s payout ratio is 177.78%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBL. First Trust Advisors LP raised its holdings in CBL & Associates Properties by 8.8% in the 3rd quarter. First Trust Advisors LP now owns 291,786 shares of the real estate investment trust’s stock worth $2,448,000 after purchasing an additional 23,491 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in CBL & Associates Properties by 21.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 170,824 shares of the real estate investment trust’s stock worth $1,433,000 after purchasing an additional 29,864 shares during the period. Crossmark Global Holdings Inc. acquired a new position in CBL & Associates Properties in the 3rd quarter worth about $194,000. Prudential Financial Inc. raised its holdings in CBL & Associates Properties by 33.2% in the 3rd quarter. Prudential Financial Inc. now owns 911,417 shares of the real estate investment trust’s stock worth $7,647,000 after purchasing an additional 227,303 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its holdings in CBL & Associates Properties by 59.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 64,200 shares of the real estate investment trust’s stock worth $539,000 after purchasing an additional 23,920 shares during the period. 79.96% of the stock is owned by 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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