Hot Stock That Must Be in Your Portfolio: CBL & Associates Properties (NYSE: CBL)

On Tuesday, Shares of CBL & Associates Properties (NYSE: CBL) showed the bullish trend with a higher momentum of 4.80% to $1.31. The company traded total volume of 2,314,899 shares as contrast to its average volume of 3.84M shares. The company has a market value of $225.03M and about 171.78M shares outstanding.

CBL & Associates Properties Inc. (CBL) stated it had funds from operations of $89.40M, or 45 cents per share, in the period. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share. Funds from operations are a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $67.0M, or 39 cents per share.

The owner and operator of retail properties posted revenue of $216.90M in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $214.90M.

For the year, the company stated funds from operations of $345.10M, or $1.73 per share. Revenue was stated as $858.60M. It anticipates full-year funds from operations in the range of $1.41 to $1.46 per share.

The Company offered net profit margin of -14.40% while its gross profit margin was 70.60%. ROE was recorded as -11.60% while beta factor was 1.38. The stock, as of recent close, has shown the weekly upbeat performance of 5.65% which was maintained at -31.77% in this year.

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