About CBL & Associates Properties (NYSE:CBL)
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. Its segments are Malls, Associated Centers, Community Centers and All Other. As of December 31, 2016, the Company owned a controlling interest in 65 Malls and non-controlling interests in nine Malls. As of December 31, 2016, the Company owned a controlling interest in 20 Associated Centers and a non-controlling interest in three Associated Centers. As of December 31, 2016, the Company owned a controlling interest in four Community Centers and a non-controlling interest in five Community Centers. As of December 31, 2016, the Company's properties were located in 27 states, primarily in the southeastern and mid-western United States.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:CBL
- CUSIP: 12483010
- Web: www.cblproperties.com
- Market Cap: $1.44 billion
- Outstanding Shares: 171,097,000
- 50 Day Moving Avg: $8.44
- 200 Day Moving Avg: $8.52
- 52 Week Range: $7.15 - $12.35
Sales & Book Value:
- Trailing P/E Ratio: 14.27
- Foreward P/E Ratio: 22.68
- P/E Growth: 2.89
- Annual Revenue: $977.46 million
- Price / Sales: 1.47
- Book Value: $6.98 per share
- Price / Book: 1.20
- Annual Dividend: $1.06
- Dividend Yield: 12.5%
- EBITDA: $637.66 million
- Net Margins: 14.88%
- Return on Equity: 9.43%
- Return on Assets: 2.05%
- Debt-to-Equity Ratio: 3.27%
- Current Ratio: 0.57%
- Quick Ratio: 0.57%
- Average Volume: 3.33 million shs.
- Beta: 1.18
- Short Ratio: 11.59
Frequently Asked Questions for CBL & Associates Properties (NYSE:CBL)
What is CBL & Associates Properties' stock symbol?
CBL & Associates Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBL."
How often does CBL & Associates Properties pay dividends? What is the dividend yield for CBL & Associates Properties?
CBL & Associates Properties announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.265 per share on Monday, October 16th. This represents a $1.06 annualized dividend and a dividend yield of 12.63%. The ex-dividend date is Friday, September 29th. View CBL & Associates Properties' Dividend History.
How were CBL & Associates Properties' earnings last quarter?
CBL & Associates Properties, Inc. (NYSE:CBL) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $238.01 million for the quarter, compared to analysts' expectations of $244.76 million. CBL & Associates Properties had a net margin of 14.88% and a return on equity of 9.43%. During the same quarter last year, the company earned $0.56 EPS. View CBL & Associates Properties' Earnings History.
When will CBL & Associates Properties make its next earnings announcement?
What guidance has CBL & Associates Properties issued on next quarter's earnings?
CBL & Associates Properties issued an update on its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $2.18-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.19.
Where is CBL & Associates Properties' stock going? Where will CBL & Associates Properties' stock price be in 2017?
10 brokers have issued twelve-month target prices for CBL & Associates Properties' shares. Their forecasts range from $6.00 to $17.50. On average, they expect CBL & Associates Properties' stock price to reach $10.25 in the next year. View Analyst Ratings for CBL & Associates Properties.
Are investors shorting CBL & Associates Properties?
CBL & Associates Properties saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 43,853,672 shares, an increase of 3.7% from the September 15th total of 42,308,091 shares. Based on an average daily volume of 4,022,192 shares, the days-to-cover ratio is presently 10.9 days. Currently, 26.3% of the shares of the company are sold short.
Who are some of CBL & Associates Properties' key competitors?
Some companies that are related to CBL & Associates Properties include Shaftesbury plc (SHB), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP), Select Income REIT (SIR), Great Portland Estates Plc (GPOR), Government Properties Income Trust (GOV), Workspace Group plc (WKP), Global Net Lease (GNL), Seritage Growth Properties (SRG), Hannon Armstrong Sustainable Infrastructure Capital (HASI), New York REIT (NYRT), Monmouth Real Estate Investment Corporation (MNR), Londonmetric Property PLC (LMP), Urstadt Biddle Properties (UBA), Newriver Reit PLC (NRR), Easterly Government Properties (DEA) and Redefine International PLC (RDI).
Who are CBL & Associates Properties' key executives?
CBL & Associates Properties' management team includes the folowing people:
- Charles B. Lebovitz, Chairman of the Board
- Stephen D. Lebovitz, President, Chief Executive Officer, Director
- Farzana K. Mitchell, Chief Financial Officer, Executive Vice President, Treasurer
- Augustus N. Stephas, Chief Operating Officer, Executive Vice President
- Ben S. Landress, Executive Vice President - Management
- Michael I. Lebovitz, Executive Vice President - Development and Administration
- Jeffery V. Curry, Chief Legal Officer, Secretary
- Gary L. Bryenton, Independent Director
- A. Larry Chapman, Independent Director
- Matthew S. Dominski, Independent Director
Who owns CBL & Associates Properties stock?
CBL & Associates Properties' stock is owned by many different of institutional and retail investors. Top institutional investors include Adams Asset Advisors LLC (0.83%), Robeco Institutional Asset Management B.V. (0.61%) and Orinda Asset Management LLC (0.32%). Company insiders that own CBL & Associates Properties stock include Jeffery V Curry and Kathryn A Reinsmidt. View Institutional Ownership Trends for CBL & Associates Properties.
Who bought CBL & Associates Properties stock? Who is buying CBL & Associates Properties stock?
CBL & Associates Properties' stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Orinda Asset Management LLC and Adams Asset Advisors LLC. Company insiders that have bought CBL & Associates Properties stock in the last two years include Jeffery V Curry and Kathryn A Reinsmidt. View Insider Buying and Selling for CBL & Associates Properties.
How do I buy CBL & Associates Properties stock?
Shares of CBL & Associates Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CBL & Associates Properties' stock price today?
MarketBeat Community Rating for CBL & Associates Properties (NYSE CBL)MarketBeat's community ratings are surveys of what our community members think about CBL & Associates Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of CBL & Associates Properties stock can currently be purchased for approximately $8.39.
Consensus Ratings for CBL & Associates Properties (NYSE:CBL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 7 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.10)|
|Consensus Price Target: ||$10.25 (22.17% upside)|Consensus Price Target History for CBL & Associates Properties (NYSE:CBL)
Analysts' Ratings History for CBL & Associates Properties (NYSE:CBL)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/7/2017||Boenning Scattergood||Reiterated Rating||Hold||High|
|7/14/2017||Stifel Nicolaus||Initiated Coverage||Hold||$8.25||Medium|
|6/23/2017||Barclays PLC||Reiterated Rating||Hold||$9.00||Low|
|6/16/2017||Jefferies Group LLC||Reiterated Rating||Buy||$11.00||Low|
|6/3/2017||Morgan Stanley||Reiterated Rating||Underweight||$10.00 -> $6.00||Low|
|5/4/2017||Hilliard Lyons||Downgrade||Buy||$19.00 -> $17.50||Medium|
|1/30/2017||Citigroup Inc.||Upgrade||Sell -> Neutral||N/A|
|1/3/2017||BTIG Research||Initiated Coverage||Neutral||N/A|
|8/12/2016||Canaccord Genuity||Reiterated Rating||Hold||N/A|
|7/15/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral||N/A|
|5/5/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||N/A|
|11/16/2015||Cowen and Company||Reiterated Rating||Market Perform||$17.50 -> $13.50||N/A|
Earnings History for CBL & Associates Properties (NYSE:CBL)Earnings History by Quarter for CBL & Associates Properties (NYSE CBL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/3/2017||Q1 2017||$0.53||$0.52||$244.76 million||$238.01 million||View||Listen|
|2/1/2017||Q416||$0.23||$0.68||$262.42 million||$258.49 million||View||Listen|
|10/27/2016||Q316||$0.57||$0.57||$252.31 million||$251.72 million||View||N/A|
|7/28/2016||Q216||$0.56||$0.59||$246.78 million||$254.97 million||View||N/A|
|4/27/2016||Q116||$0.54||$0.56||$260.06 million||$263.10 million||View||N/A|
|2/3/2016||Q415||$0.66||$0.71||$278.70 million||$277.63 million||View||N/A|
|10/28/2015||Q315||$0.56||$0.56||$255.41 million||$262.60 million||View||Listen|
|7/29/2015||Q2||$0.54||$0.54||$238.66 million||$253.84 million||View||Listen|
|4/28/2015||Q115||$0.52||$0.52||$250.09 million||$260.90 million||View||N/A|
|2/3/2015||Q414||$0.65||$0.67||$271.10 million||$283.80 million||View||N/A|
|7/29/2014||Q214||$0.54||$0.55||$250.56 million||$256.90 million||View||N/A|
|4/28/2014||Q1 14||$0.52||$0.52||$255.70 million||$261.20 million||View||N/A|
|2/4/2014||Q114||$0.61||$0.63||$279.20 million||$282.00 million||View||N/A|
|11/5/2013||Q413||$0.54||$0.56||$263.35 million||$257.10 million||View||N/A|
|7/31/2013||Q313||$0.53||$0.55||$250.29 million||$262.40 million||View||N/A|
|4/29/2013||Q113||$0.51||$0.53||$260.24 million||$266.00 million||View||N/A|
|11/6/2012||Q312||$0.50||$0.54||$254.31 million||$259.60 million||View||N/A|
Earnings Estimates for CBL & Associates Properties (NYSE:CBL)
2017 EPS Consensus Estimate: $2.25
2018 EPS Consensus Estimate: $2.19
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for CBL & Associates Properties (NYSE:CBL)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||5.20% (3 Year Average)|
|Payout Ratio:||179.66% (Trailing 12 Months of Earnings) |
176.67% (Based on This Year's Estimates)
286.49% (Based on Next Year's Estimates)
Dividend History by Quarter for CBL & Associates Properties (NYSE CBL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CBL & Associates Properties (NYSE:CBL)
Insider Ownership Percentage: 11.74%Insider Trades by Quarter for CBL & Associates Properties (NYSE:CBL)
Institutional Ownership Percentage: 89.46%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/17/2017||Jeffery V Curry||Insider||Buy||2,400||$7.37||$17,688.00|| |
|5/17/2017||Kathryn A Reinsmidt||VP||Buy||2,688||$7.34||$19,729.92|| |
|9/22/2015||Matthew Dominski||Director||Buy||5,000||$25.22||$126,100.00|| |
|11/27/2013||Farzana Mitchell||CFO||Buy||1,250||$18.20||$22,750.00|| |
|3/7/2013||Winston W Walker||Director||Sell||2,000||$22.76||$45,520.00|| |
|2/26/2013||Winston W Walker||Director||Sell||2,000||$22.09||$44,180.00|| |
|2/19/2013||Winston W Walker||Director||Sell||2,000||$22.31||$44,620.00|| |
|11/14/2012||Winston W Walker||Director||Sell||1,000||$21.74||$21,740.00|| |
Headline Trends for CBL & Associates Properties (NYSE:CBL)
Latest Headlines for CBL & Associates Properties (NYSE:CBL)
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CBL & Associates Properties (CBL) Chart for Sunday, October, 22, 2017