CBL & Associates Properties, Inc. (NYSE:CBL) – Stock analysts at Jefferies Group decreased their FY2018 EPS estimates for CBL & Associates Properties in a research report issued to clients and investors on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will earn $1.73 per share for the year, down from their previous forecast of $1.91. Jefferies Group has a “Sell” rating and a $3.00 price target on the stock. Jefferies Group also issued estimates for CBL & Associates Properties’ FY2020 earnings at $1.53 EPS.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.41. The company had revenue of $235.30 million for the quarter, compared to analysts’ expectations of $246.46 million. CBL & Associates Properties had a return on equity of 8.14% and a net margin of 13.04%. CBL & Associates Properties’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS.

A number of other equities analysts have also recently weighed in on the company. Mizuho set a $5.00 price objective on CBL & Associates Properties and gave the company a “sell” rating in a report on Friday, February 16th. Boenning Scattergood reissued a “sell” rating on shares of CBL & Associates Properties in a report on Monday, February 12th. ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.00 price target on shares of CBL & Associates Properties in a research note on Friday, January 12th. Finally, Raymond James Financial cut CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research note on Wednesday, December 20th. Nine research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of “Sell” and a consensus target price of $7.31.

CBL & Associates Properties (CBL) opened at $4.82 on Thursday. The firm has a market capitalization of $824.71, a PE ratio of 10.48, a P/E/G ratio of -0.87 and a beta of 1.06. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. CBL & Associates Properties has a 1-year low of $4.00 and a 1-year high of $10.37.

Institutional investors have recently made changes to their positions in the business. Virtu KCG Holdings LLC purchased a new position in CBL & Associates Properties in the 2nd quarter worth approximately $140,000. MML Investors Services LLC bought a new stake in shares of CBL & Associates Properties in the 4th quarter worth approximately $116,000. Zeke Capital Advisors LLC bought a new stake in shares of CBL & Associates Properties in the 4th quarter worth approximately $118,000. Sanders Morris Harris LLC grew its position in shares of CBL & Associates Properties by 115.0% in the 3rd quarter. Sanders Morris Harris LLC now owns 21,500 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 11,500 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of CBL & Associates Properties in the 3rd quarter worth approximately $190,000. 92.55% of the stock is currently owned by institutional investors and hedge funds.

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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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