Q4 2019 Earnings Forecast for CBL & Associates Properties, Inc. Issued By Boenning Scattergood (CBL)

CBL & Associates Properties, Inc. (NYSE:CBL) – Research analysts at Boenning Scattergood issued their Q4 2019 earnings per share (EPS) estimates for shares of CBL & Associates Properties in a research report issued to clients and investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum anticipates that the real estate investment trust will post earnings per share of $0.60 for the quarter. Boenning Scattergood has a “Under Perform” rating on the stock.

Several other research firms have also recently weighed in on CBL. Mizuho reaffirmed a “hold” rating and set a $9.00 target price on shares of CBL & Associates Properties in a research note on Monday, October 9th. KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Wednesday, October 4th. ValuEngine upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Wells Fargo & Co lowered CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a report on Friday, November 3rd. Finally, Bank of America lowered CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 price target for the company. in a report on Friday, November 3rd. Nine analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Sell” and a consensus target price of $8.64.

CBL & Associates Properties (NYSE CBL) traded down $0.04 during trading hours on Thursday, reaching $5.69. The company’s stock had a trading volume of 1,830,002 shares, compared to its average volume of 4,610,000. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. CBL & Associates Properties has a 52 week low of $5.31 and a 52 week high of $11.25. The stock has a market cap of $973.57, a PE ratio of 9.03, a PEG ratio of 0.72 and a beta of 1.10.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 14.06%. CBL & Associates Properties’s dividend payout ratio is 126.98%.

Several institutional investors have recently made changes to their positions in CBL. Vanguard Group Inc. lifted its holdings in CBL & Associates Properties by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 35,109,341 shares of the real estate investment trust’s stock worth $295,972,000 after purchasing an additional 353,411 shares during the last quarter. BlackRock Inc. lifted its holdings in CBL & Associates Properties by 63.2% in the 2nd quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock worth $212,402,000 after purchasing an additional 9,758,738 shares during the last quarter. Brookfield Asset Management Inc. lifted its holdings in CBL & Associates Properties by 12.7% in 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 purchasing an additional 1,665,655 shares during the last quarter. State Street Corp lifted its holdings in CBL & Associates Properties by 16.1% in 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 purchasing an additional 952,473 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in CBL & Associates Properties by 10.2% in the 2nd quarter. Northern Trust Corp now owns 4,354,255 shares of the real estate investment trust’s stock worth $36,706,000 after purchasing an additional 403,257 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

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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.

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

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