CBL & Associates Properties, Inc. (CBL) to Post Q4 2019 Earnings of $0.60 Per Share, Boenning Scattergood Forecasts

CBL & Associates Properties, Inc. (NYSE:CBL) – Analysts at Boenning Scattergood issued their Q4 2019 earnings estimates for shares of CBL & Associates Properties in a note issued to 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 currently has a “Under Perform” rating on the stock.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $7.50 price target on shares of CBL & Associates Properties in a research report on Friday, November 3rd. Wells Fargo & Co cut CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Friday, November 3rd. Zacks Investment Research cut CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Morgan Stanley restated an “underweight” rating and issued a $4.75 price target on shares of CBL & Associates Properties in a research report on Thursday, December 14th. Finally, Mizuho cut CBL & Associates Properties from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 8th. Nine research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has an average rating of “Sell” and an average target price of $8.81.

Shares of CBL & Associates Properties (NYSE CBL) traded down $0.04 during midday trading on Thursday, hitting $5.69. The company had a trading volume of 1,830,000 shares, compared to its average volume of 4,610,000. The company has a quick ratio of 0.53, a current 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 company has a market capitalization of $973.57, a PE ratio of 9.03, a P/E/G ratio of 0.72 and a beta of 1.10.

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,027 shares during the last quarter. WFG Advisors LP bought a new position in CBL & Associates Properties in the second quarter valued at about $124,000. Virtu KCG Holdings LLC bought a new position in CBL & Associates Properties in the second quarter valued at about $140,000. Shelton Capital Management bought a new position in CBL & Associates Properties in the second quarter valued at about $143,000. Finally, Bridgewater Associates LP bought a new position in CBL & Associates Properties in the second quarter valued at about $150,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 14.06%. The ex-dividend date of this dividend is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio is presently 126.98%.

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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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