CBL & Associates Properties, Inc. (NYSE:CBL) Stock Rating Lowered by Jefferies Group LLC

CBL & Associates Properties, Inc. (NYSE:CBL) was downgraded by investment analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating in a note issued to investors on Monday, November 6th, MarketBeat.com reports. Jefferies Group also issued estimates for CBL & Associates Properties’ Q4 2017 earnings at $0.57 EPS, FY2017 earnings at $2.08 EPS, FY2018 earnings at $1.93 EPS and FY2019 earnings at $1.76 EPS.

A number of other research firms also recently commented on CBL. Stifel Nicolaus started coverage on CBL & Associates Properties in a report on Friday, July 14th. They issued a “hold” rating and a $8.25 target price for the company. BidaskClub upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a research report on Monday, August 7th. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.72.

Shares of CBL & Associates Properties (CBL) opened at $5.51 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. CBL & Associates Properties has a fifty-two week low of $5.46 and a fifty-two week high of $12.34. The firm has a market capitalization of $970.15, a price-to-earnings ratio of 2.58, a P/E/G ratio of 0.68 and a beta of 1.22.

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A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in CBL & Associates Properties by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 130,548 shares of the real estate investment trust’s stock worth $1,101,000 after buying an additional 404 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in CBL & Associates Properties by 1.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 35,800 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 600 shares during the last quarter. Utah Retirement Systems boosted its stake in CBL & Associates Properties by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 29,838 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CBL & Associates Properties by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,027 shares during the last quarter. Finally, Mirador Capital Partners LP boosted its stake in CBL & Associates Properties by 4.4% in the 2nd quarter. Mirador Capital Partners LP now owns 28,289 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 1,188 shares during the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

About CBL & Associates Properties

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.

Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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