|Bid||1.1700 x 45100|
|Ask||1.3100 x 21500|
|Day's Range||1.2200 - 1.2800|
|52 Week Range||0.9900 - 6.2600|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.30 (19.35%)|
|1y Target Est||N/A|
CBL Properties (CBL) to add Round1 Bowling & Amusement at its Northwoods Mall and South County Center, making both properties premier entertainment destinations.
The owner of South County Center plans to add Round1 Bowling & Amusement as it grapples with the loss of a Sears department store last year. CBL Properties (NYSE: CBL) announced Tuesday its plans to redevelop 50,000 square feet at South County Center into Round1, which will offer bowling, an arcade, karaoke, billiards, food and drinks. "In the first quarter of 2019, 80% of our new leasing was with non-apparel tenants such as Round1, demonstrating our success in diversifying our tenant mix and bringing our vision of transforming our properties into suburban town centers to life," CBL CEO Stephen Lebovitz said in a statement.
Winston-Salem is a small market for the national restaurant/arcade chain, which will open a 31,576-square-foot store Monday at Hanes Mall.
CBL & Associates Properties Inc NYSE:CBLView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is extremely high for CBL with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting CBL. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CBL totaled $1.25 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
CHATTANOOGA, Tenn. (AP) _ CBL & Associates Properties Inc. (CBL) on Tuesday reported a key measure of profitability in its first quarter. The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 33 cents per share.
The struggling mall REIT isn't making it easy for investors to understand how it is faring -- perhaps because its turnaround efforts aren't helping yet.
Long term investing works well, but it doesn't always work for each individual stock. We really hate to see fellow investors lose their hard-earned money. Anyone who held CBL & Associates Properties, Inc (NYSE:CBL) for five y...
Considering that the Federal Reserve is still tapping the brakes on raising key interest rates, yield-hungry investors will continue to pour into dividend stocks. And that's a big reason I expect the market leaders in 2019 to be dividend growth stocks.Overall, the dividend yield on the S&P 500 hangs around 2%. Remember, most dividends are tax-advantaged and taxed at a maximum federal rate of 23.8%. So, the S&P 500 actually yields more than the 10-year Treasury bond, which yields 2.5% but is taxed at a maximum federal rate of 40.8%.However, not all dividend stocks are created equal. But before I explain why, let's take a step back and talk about what exactly a dividend is.InvestorPlace - Stock Market News, Stock Advice & Trading TipsA dividend is the distribution from a company's earnings paid directly to a class of its shareholders. It is up to the company as to when (or even if) it is paid. The dividends tend to be paid out on a quarterly basis, but some companies will also pay a semi-annual or annual dividend. Company management will always announce when it will be paid - including your deadline to buy the stock in order to receive this payout - and what the dividend will be per share.Now, the dividend yield varies depending on the company's actual dividend and where the stock price is at the time. In some cases, you may be looking at a double-digit dividend yield. But as attractive as a double-digit dividend yield may sound, I recommend you pump the brakes before investing. Chasing dividend yields alone can be downright dangerous. * 10 Medical Marijuana Stocks to Cure Your Portfolio Stocks are not like Treasury bonds or a savings account: There's no guarantee that you will get your money back. There's also no guarantee that company will continue paying a dividend. If you choose poorly, you could lose your capital as the stock price falls. Or, that nice juicy dividend could be slashed.In most cases, dividend yields are tantalizingly high for a reason (the stocks are cheap and rightly so) - and are simply not supported by the fundamental earnings power of the business.This is why my Dividend Grader is so important. Just like my Portfolio Grader, it uses my proprietary formula to put each stock through a rigorous test, crunching reams of data against a set of criteria I've created.This, in turn, tells us whether the stock is worth investing in or if we should be staying far, far away. Here are a few examples:Company Symbol Dividend Yield Total Grade Sanchez Midstream Partners LP NYSEAMERICAN:SNMP 55.9% F CBL & Associates Properties, Inc. NYSE:CBL 43.6% F BlueKnight Energy Partners LP LLC NASDAQ:BKEP 37.4% F Dynagas LNG Partners LP NYSE:DLNG 36.1% F Summit Midstream Partners LP NYSE:SMLP 23.6% F Medley Management, Inc. Class A NYSE:MDLY 23.3% F Uniti Group Inc NASDAQ:UNIT 21.5% F Arlington Asset Investment Corp. Class A NYSE:AI 21% F Owens & Minor, Inc. NYSE:OMI 20.9% F Office Properties Income Trust NASDAQ:OPI 20.7% f As you can see, each company has a huge double-digit dividend yield, but it also receives an "F" rating from Dividend Grader. This is because their dividend trend, dividend reliability, forward dividend growth and earnings are very, very poor.Now, I don't want to scare you away from dividends - far from it. I just want you to be aware of the potential risks. Investing in dividend stocks can also be very lucrative. If you get it right, you can make a fortune. Fundamentally strong dividend stocks pack a one-two punch of share price appreciation and a steady stream of income…with payouts that can be twice or five times what you get from a Treasury bond or from a bank.In fact, my Growth Investor advisor service features the creme de la creme of dividend growth stocks. A stock only makes it to our Elite Dividend Payers Buy List if it receives a "AA" rating, which means it must have an "A" rating in both Dividend Grader and Portfolio Grader.I've nicknamed these AA-rated stocks "Money Magnets" because I'm not the only one who finds them to be great investments - they're set to enjoy a flood of "smart money" from the big Wall Street institutions as well. Check out my full briefing on this phenomenon here.In fact, I just recommended a brand-new AA-rated stock in my latest Growth Investor Monthly Issue. It has a solid dividend yield, great long-term potential and is still trading below my recommended buy limit. You won't want to miss out on this exciting opportunity, so make sure to sign up here so I can reveal its name.It's no simple task to identify the best dividend stocks on the market, which is why Dividend Grader is such a handy tool to keep in your back pocket.The bottom line: Don't just jump into any dividend stock with a high yield. But if you stick with Dividend Grader, my proprietary formula will help you find the best of them and stay away from the worst.Now that you have an idea which dividend stocks to avoid - because they don't have the strength to sustain the payout - you won't want to miss my Money Magnets.Not only are these great businesses, but they're ones that big money on Wall Street has also noticed…leading to the most important sign of a stock's success: strong buying pressure.Most importantly, they have a long history of great dividend payments to investors like you - and the ability to keep that party going in the future.I mention it because this year, we're going to see the buying frenzy dry up for a lot of stocks…stocks that don't come anywhere near meeting this strict criteria.So I want every investor to know how to survive - and thrive - by viewing this briefing right away.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * 7 A-Rated Healthcare Stocks for Industry Expansion * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Compare Brokers The post 10 Dangerous Dividend Stocks to Avoid appeared first on InvestorPlace.
CBL & Associates Properties, Inc is a US$373m small-cap, real estate investment trust (REIT) based in Chattanooga, United States. REIT shares give you ownership of the company than owns andRead More...
Moody's Investors Service ("Moody's") downgraded the senior unsecured debt rating of CBL & Associates Limited Partnership ("CBL") to B1 from Ba1. The rating downgrade also considered CBL's reduced covenant compliance cushion and its expectation that 2019 operating performance will be lower as compared to 2018.
These days, the retail sector is a cut-throat bloodbath. The rise and continued growth of online shopping and omnichannel operations have completely changed the game for the sector. A number of once top brands and stores have closed or filed for bankruptcy. That's not only hurt retail stocks but the retail REITs that own malls and power centers.And it's going to get worse before it gets better.During their latest conference call, one of the top mall REITs -- Simon Property Group (NYSE:SPG) -- warned that, "there are some retailers out there that we're nervous about" and that they "are concerned about a few [retail bankruptcies] that should shake out in the first quarter."InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat's scary is that SPG is one of the top mall REITs around and features malls in so-called prime or "A" markets. These places are dominated by high-incomes, steady home prices, and relative economic stability.If Simon is finally starting to get worried, what does that mean for the mall REITs that don't own such prime assets? These REITs are certainly in big trouble as the shift in retail continues. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? But which retail REITs are in a precarious position? Here are 3 that could see declines and issues in the quarters ahead.Source: Shutterstock CBL & Associates (CBL)The recession could have been the first punch to CBL & Associates (NYSE:CBL) that staggered the firm in a big way. After the recession, CBL's portfolio of Class B malls were some of hardest hit and full of the chain stores that were in the first wave of retail causalities. Because of that, the mall REIT was faced with the difficult task of filing plenty of empty store frontage in a terrible environment. Unfortunately, it wasn't able to do that. Its core audience of shoppers has simply migrated to discounters like Target (NYSE:TGT) or online.And that continues to hurt its bottom line.During CBL's last earnings report, rising vacancy rates and retailer bankruptcies managed to reduce overall rents per square foot by 10.8% for all leases signed in 2018. That caused a big $41.8 million year-over-year decline in the amount cash CBL can pull in from its tenants. That's a big deal as that directly translates into a REIT's Funds from Operations (FFO) metric. And you know what FFO translates into? Dividends.With a 19.6% year-over-year decline in FFO, CBL was forced to cut its dividend payout to investors. This is now the second cut in about year.With more bankruptcies, store closures and lower consumer demand predicted, CBL is one retail REIT to avoid.Source: Shutterstock Washington Prime (WPG)Back in 2014, Simon could see the writing on the wall and spun-out some of its open-air shopping plazas and less than desirable malls as Washington Prime (NYSE:WPG). WPG later bought Glimcher Realty Trust 0- an owner of mostly Class B and some Class A properties. The problem is, WPG is still very much exposed to the pending retail apocalypse.As of September -- when WPG last reported earnings -- Sears (OTCMKTS:SHLDQ) was one of Washington Prime's largest tenants. As are Macy's (NYSE:M) and J C Penney (NYSE:JCP). The trio of struggling retailers makes up around 102 different locations in WPG's malls. WPG has been proactive in filling locations when they come up vacant -- Bon-Ton was another large tenant in its system. That's great, but it may not be enough.Moody's estimates that the department store sector will contract by a further 3.5% in 2019, while the overall number of store closings is set to surge -- with mall staples like the Gap (NYSE:GPS), Children's Place (NASDAQ:PLCE) and now bankrupt Gymboree all planning on closing hundreds of locations. This is exactly the kinds of stores that dot WPG's malls and shopping centers. * 5 Entertainment Stocks That Can Weather a Market Storm With rents falling slightly and FFO metrics being flat, Washington Primes management has stubbornly kept its dividend high. While WPG isn't in as bad of a shape as CBL -- thanks to some of its A properties -- I'm not sure I'd want to own it in the current environment. Especially when there are other retail REITs out there worthy of attention.Source: Ser Amantio di Nicolao via Wikimedia Pennsylvania REIT (PEI)Truth be told, Pennsylvania REIT (NYSE:PEI) or PREIT as it's commonly called is in the best shape of the retail REITs on this list. The mall owner got smart after the recession and started to purge its assets of underperforming malls. Those asset sales and closures helped PREIT get back on a great footing, improve sales per square foot and rents. Heck, even Sears isn't a problem as the REIT only holds four Sear's stores in its portfolio.The problem is, PEI is still operating in the economically sensitive A/B property range.Sales per square foot at PEI's locations now run about $500. That's a marked improvement over just a few years ago. However, when looking at some of Simon's top malls, that number is kind of low. Top A malls in SPG's portfolio typically pull in $1,000 to $1,200 sales per square feet. The point is, you're still dealing with a customer at PEI's locations that could be impacted during the next recession.Secondly, PREIT has looked to towards experiences -- such as LEGO Discovery Centers and Dave & Buster's Arcades -- to fill empty anchor stores. If the economy goes bad, these are the first things consumers will cut. With the economy showing signs of cracking, it's easy to see why PEI stock now has a 9%+ dividend yield.All in all, PREIT isn't bad per se, but certainly does have plenty of risk behind it. Investors may be better suited in less risky REITs with lower yields.Disclosure: At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Retail REITs That Are Still in Big Trouble appeared first on InvestorPlace.
The East Coast-focused mall REIT expects a sharp decline in funds from operations this year, but not due to any deterioration in its core business.