CBL & Associates Properties (CBL) Upgraded to Sell at ValuEngine

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CBL & Associates Properties (NYSE:CBL) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Tuesday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Stifel Nicolaus lifted their target price on shares of CBL & Associates Properties from $4.25 to $4.75 and gave the stock a “hold” rating in a report on Thursday, August 2nd. BTIG Research downgraded shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Bank of America reduced their target price on shares of CBL & Associates Properties from $4.50 to $4.00 and set an “underperform” rating for the company in a report on Monday, August 13th. Eleven research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. CBL & Associates Properties has a consensus rating of “Sell” and an average target price of $4.19.

Shares of CBL stock opened at $3.30 on Tuesday. The stock has a market cap of $640.60 million, a P/E ratio of 2.02, a P/E/G ratio of -0.71 and a beta of 0.96. The company has a quick ratio of 0.51, a current ratio of 0.45 and a debt-to-equity ratio of 3.55. CBL & Associates Properties has a 52 week low of $3.18 and a 52 week high of $8.04.

CBL & Associates Properties (NYSE:CBL) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.39). The company had revenue of $206.88 million for the quarter, compared to the consensus estimate of $209.53 million. CBL & Associates Properties had a return on equity of 1.29% and a net margin of 1.39%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. On average, research analysts forecast that CBL & Associates Properties will post 1.74 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in shares of CBL & Associates Properties during the 2nd quarter worth approximately $145,000. Cubist Systematic Strategies LLC lifted its holdings in shares of CBL & Associates Properties by 73.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,175 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 13,661 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of CBL & Associates Properties during the 2nd quarter worth approximately $203,000. Paloma Partners Management Co bought a new stake in shares of CBL & Associates Properties during the 2nd quarter worth approximately $208,000. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in shares of CBL & Associates Properties by 266.3% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 52,109 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 37,884 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

CBL & Associates Properties Company Profile

CBL & Associates Properties, Inc is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments.

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

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