FY2017 EPS Estimates for CBL & Associates Properties, Inc. (CBL) Decreased by KeyCorp

CBL & Associates Properties, Inc. (NYSE:CBL) – Analysts at KeyCorp cut their FY2017 EPS estimates for CBL & Associates Properties in a note issued to investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will earn $2.27 per share for the year, down from their prior estimate of $2.28. KeyCorp also issued estimates for CBL & Associates Properties’ FY2018 earnings at $2.32 EPS.

Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Monday, March 20th. Barclays PLC lowered their price target on shares of CBL & Associates Properties from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, January 23rd. BTIG Research started coverage on shares of CBL & Associates Properties in a report on Tuesday, January 3rd. They set a “neutral” rating for the company. TheStreet upgraded shares of CBL & Associates Properties from a “d+” rating to a “c” rating in a report on Wednesday, February 1st. Finally, Citigroup Inc upgraded shares of CBL & Associates Properties from a “sell” rating to a “neutral” rating in a research report on Monday, January 30th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. CBL & Associates Properties currently has a consensus rating of “Hold” and an average price target of $12.79.

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

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Shares of CBL & Associates Properties (NYSE:CBL) traded up 0.60% during trading on Thursday, reaching $10.03. 27,347,804 shares of the company’s stock were exchanged. CBL & Associates Properties has a 12-month low of $8.72 and a 12-month high of $14.30. The company has a 50 day moving average of $9.48 and a 200 day moving average of $10.79. The stock has a market cap of $1.72 billion, a P/E ratio of 13.37 and a beta of 1.27.

CBL & Associates Properties (NYSE:CBL) last issued its earnings results on Wednesday, February 1st. The real estate investment trust reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.45. The business had revenue of $258.49 million for the quarter, compared to the consensus estimate of $262.42 million. CBL & Associates Properties had a net margin of 16.81% and a return on equity of 10.25%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS.

Several hedge funds have recently modified their holdings of CBL. BlackRock Japan Co. Ltd increased its stake in shares of CBL & Associates Properties by 3.5% in the third quarter. BlackRock Japan Co. Ltd now owns 8,269 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 279 shares in the last quarter. Horizon Investments LLC increased its stake in shares of CBL & Associates Properties by 1.0% in the fourth quarter. Horizon Investments LLC now owns 11,420 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 114 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of CBL & Associates Properties during the first quarter valued at $131,000. New York State Teachers Retirement System increased its stake in shares of CBL & Associates Properties by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 14,900 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 200 shares in the last quarter. Finally, ARP Americas LLC acquired a new stake in CBL & Associates Properties during the fourth quarter valued at approximately $177,000. Institutional investors and hedge funds own 94.92% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Thursday, March 30th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Tuesday, March 28th. This represents a $1.06 annualized dividend and a dividend yield of 10.57%. CBL & Associates Properties’s dividend payout ratio is presently 141.33%.

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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