CBL & Associates Properties, Inc. (NYSE:CBL) – Analysts at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for CBL & Associates Properties in a research report issued on Wednesday. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will earn $2.04 per share for the year, down from their previous estimate of $2.05. Jefferies Group has a “Buy” rating and a $11.00 price target on the stock.

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CBL has been the subject of several other reports. Hilliard Lyons lowered shares of CBL & Associates Properties to a “buy” rating and decreased their price objective for the company from $19.00 to $17.50 in a research report on Thursday, May 4th. ValuEngine raised shares of CBL & Associates Properties from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 11th. Boenning Scattergood raised shares of CBL & Associates Properties from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.00 price objective (down from $10.00) on shares of CBL & Associates Properties in a research report on Saturday, June 3rd. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $9.00 price objective on shares of CBL & Associates Properties in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.39.

CBL & Associates Properties (NYSE CBL) opened at 8.31 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 14.13 and a beta of 1.17. CBL & Associates Properties has a 12-month low of $7.15 and a 12-month high of $14.30. The company has a 50-day moving average of $8.57 and a 200 day moving average of $8.93.

A number of institutional investors have recently modified their holdings of CBL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 buying an additional 1,027 shares during the period. Independent Portfolio Consultants Inc. increased its position in shares of CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,525 shares during the period. Eqis Capital Management Inc. increased its position in shares of CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,843 shares during the period. WFG Advisors LP acquired a new position in shares of CBL & Associates Properties during the second quarter valued at $124,000. Finally, Daiwa Securities Group Inc. increased its position in shares of CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 3,000 shares during the period. Institutional investors own 95.93% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.06 annualized dividend and a yield of 12.76%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 179.66%.

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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