CBL & Associates Properties (CBL) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.54. The company posted revenue of $263.10 million in the period, compared to analysts expectations of $262.49 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on CBL & Associates Properties. Mizuho Initiated CBL & Associates Properties on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $13.
CBL & Associates Properties closed down -0.09 points or -0.76% at $11.83 with 12,44,607 shares getting traded on Friday. Post opening the session at $11.95, the shares hit an intraday low of $11.76 and an intraday high of $12.11 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 12, 2015, Farzana K Mitchell (CFO) purchased 825 shares at $13.30 per share price. According to the SEC, 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.