Brokerages forecast that CBL & Associates Properties, Inc. (NYSE:CBL) will post earnings per share of $0.59 for the current quarter, according to Zacks. Six analysts have issued estimates for CBL & Associates Properties’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.57. CBL & Associates Properties posted earnings per share of $0.30 during the same quarter last year, which indicates a positive year over year growth rate of 96.7%. The company is expected to report its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that CBL & Associates Properties will report full year earnings of $2.12 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.27. For the next fiscal year, analysts expect that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $1.93 to $2.23. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow CBL & Associates Properties.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded CBL & Associates Properties from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Mizuho downgraded CBL & Associates Properties from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 8th. Jefferies Group downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. KeyCorp reissued a “hold” rating on shares of CBL & Associates Properties in a report on Friday, November 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $7.50 price target on shares of CBL & Associates Properties in a report on Friday, November 3rd. Six analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.72.

Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of CBL & Associates Properties in the second quarter valued at approximately $312,000. Ray Gerald L & Associates Ltd. increased its position in shares of CBL & Associates Properties by 8.3% during the second quarter. Ray Gerald L & Associates Ltd. now owns 439,106 shares of the real estate investment trust’s stock worth $3,701,000 after purchasing an additional 33,705 shares in the last quarter. Comerica Bank increased its position in shares of CBL & Associates Properties by 45.5% during the second quarter. Comerica Bank now owns 414,176 shares of the real estate investment trust’s stock worth $3,653,000 after purchasing an additional 129,570 shares in the last quarter. PVG Asset Management Corp increased its position in shares of CBL & Associates Properties by 71.3% during the second quarter. PVG Asset Management Corp now owns 824,962 shares of the real estate investment trust’s stock worth $6,954,000 after purchasing an additional 343,436 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of CBL & Associates Properties by 1,153.0% during the second quarter. BNP Paribas Arbitrage SA now owns 163,878 shares of the real estate investment trust’s stock worth $1,381,000 after purchasing an additional 150,799 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

Shares of CBL & Associates Properties (CBL) traded down $0.01 during trading hours on Friday, reaching $5.62. The company’s stock had a trading volume of 3,991,479 shares, compared to its average volume of 7,811,735. CBL & Associates Properties has a one year low of $5.46 and a one year high of $12.34. The firm has a market capitalization of $963.30, a P/E ratio of 2.56, a PEG ratio of 0.67 and a beta of 1.12. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.53 and a quick ratio of 0.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders 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 dividend yield of 14.23%. The ex-dividend date of this dividend is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 165.63%.

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About CBL & Associates Properties

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

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