CBL & Associates Properties(NYSE:CBL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $254.97M. Analysts estimated a revenue of $246.78M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.56.
In a different note, On Jul 15, 2016, KeyBanc said it Upgrades its rating on CBL & Associates Properties. The shares have been rated ‘Overweigt’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on CBL & Associates Properties. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 2, 2016, Goldman Sachs said it Maintains its rating on CBL & Associates Properties. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm.
CBL & Associates Properties (CBL) made into the market gainers list on Thursdays trading session with the shares advancing 2.21% or 0.26 points. Due to strong positive momentum, the stock ended at $12.04, which is also near the day’s high of $12.125. The stock began the session at $11.83 and the volume stood at 21,12,732 shares. The 52-week high of the shares is $16.5 and the 52 week low is $8.86. The company has a current market capitalization of $2,056 M and it has 17,07,89,870 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, Farzana K Mitchell (CFO) purchased 825 shares at $13.30 per share price.Also, On Sep 23, 2015, Matthew Dominski (director) purchased 5,000 shares at $25.22 per share price.
CBL & Associates Properties Inc. (CBL) is a self-managed self-administered fully integrated real estate investment trust (REIT). The Company owns develops acquires leases manages and operates regional shopping malls open-air centers outlet centers associated centers community centers and office properties. Its properties are located in 27 states but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries CBL Holdings I Inc. and CBL Holdings II Inc. As of December 31 2014 the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.