CBL & Associates Properties, Inc. (CBL) Forecasted to Earn Q1 2017 Earnings of $0.53 Per Share

CBL & Associates Properties, Inc. (NYSE:CBL) – Equities research analysts at KeyCorp issued their Q1 2017 earnings estimates for CBL & Associates Properties in a report released on Tuesday. KeyCorp analyst T. Thomas expects that the brokerage will post earnings per share of $0.53 for the quarter. KeyCorp also issued estimates for CBL & Associates Properties’ Q2 2017 earnings at $0.54 EPS, Q3 2017 earnings at $0.56 EPS and Q4 2017 earnings at $0.65 EPS.

Other analysts have also recently issued research reports about the stock. Citigroup Inc. cut shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a research note on Tuesday, December 13th. BTIG Research started coverage on shares of CBL & Associates Properties in a research note on Tuesday, January 3rd. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. TheStreet cut shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. Finally, Barclays PLC decreased their price target on shares of CBL & Associates Properties from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.79.

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

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Shares of CBL & Associates Properties (NYSE:CBL) opened at 10.80 on Thursday. The company has a 50 day moving average price of $10.90 and a 200 day moving average price of $11.82. The company has a market capitalization of $1.84 billion, a PE ratio of 14.40 and a beta of 1.27. CBL & Associates Properties has a 1-year low of $8.86 and a 1-year high of $14.30.

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

Institutional investors have recently modified their holdings of the stock. Systematic Financial Management LP increased its position in shares of CBL & Associates Properties by 10.8% in the fourth quarter. Systematic Financial Management LP now owns 3,292,975 shares of the real estate investment trust’s stock valued at $37,869,000 after buying an additional 320,285 shares during the last quarter. ARP Americas LLC purchased a new position in shares of CBL & Associates Properties during the fourth quarter valued at approximately $177,000. Horizon Investments LLC increased its position 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 during the last quarter. State Street Corp increased its position in shares of CBL & Associates Properties by 1.0% in the fourth quarter. State Street Corp now owns 5,688,733 shares of the real estate investment trust’s stock valued at $65,418,000 after buying an additional 58,894 shares during the last quarter. Finally, Comerica Bank increased its position in shares of CBL & Associates Properties by 19.0% in the fourth quarter. Comerica Bank now owns 271,840 shares of the real estate investment trust’s stock valued at $2,982,000 after buying an additional 43,396 shares during the last quarter. Institutional investors own 95.91% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “CBL & Associates Properties, Inc. (CBL) Forecasted to Earn Q1 2017 Earnings of $0.53 Per Share” was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright law. The legal version of this piece of content can be read at http://sleekmoney.com/cbl-associates-properties-inc-cbl-forecasted-to-earn-q1-2017-earnings-of-0-53-per-share/1655591.html.

About CBL & Associates Properties

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). 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.

5 Day Chart for NYSE:CBL

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