CBL & Associates Properties, Inc. (CBL) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of CBL & Associates Properties, Inc. (NYSE:CBL) in a research report report published on Friday, July 14th, Marketbeat Ratings reports. The brokerage issued a hold rating and a $8.25 price objective on the real estate investment trust’s stock.

Several other analysts have also weighed in on the stock. BidaskClub raised shares of CBL & Associates Properties from a sell rating to a hold rating in a report on Wednesday, June 28th. Barclays PLC reissued a hold rating and set a $9.00 price target on shares of CBL & Associates Properties in a research note on Friday, June 23rd. Jefferies Group LLC reissued a buy rating and set a $11.00 price target on shares of CBL & Associates Properties in a research note on Friday, June 16th. Morgan Stanley reissued an underweight rating and set a $6.00 price target (down from $10.00) on shares of CBL & Associates Properties in a research note on Saturday, June 3rd. Finally, ValuEngine cut shares of CBL & Associates Properties from a buy rating to a hold rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $10.84.

CBL & Associates Properties (NYSE CBL) opened at 8.40 on Friday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 14.29 and a beta of 1.17. The company has a 50-day moving average price of $8.66 and a 200 day moving average price of $9.10. CBL & Associates Properties has a 1-year low of $7.15 and a 1-year high of $14.30.

WARNING: “CBL & Associates Properties, Inc. (CBL) Research Coverage Started at Stifel Nicolaus” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.com-unik.info/2017/08/12/cbl-associates-properties-inc-cbl-now-covered-by-analysts-at-stifel-nicolaus-updated-updated-updated.html.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.265 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.06 annualized dividend and a yield of 12.62%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 179.66%.

A number of large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in CBL & Associates Properties during the fourth quarter valued at $16,442,000. Guggenheim Capital LLC raised its stake in CBL & Associates Properties by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 146,606 shares of the real estate investment trust’s stock valued at $1,685,000 after buying an additional 4,304 shares during the period. Brookfield Asset Management Inc. raised its stake in shares of CBL & Associates Properties by 0.8% in the fourth quarter. Brookfield Asset Management Inc. now owns 12,872,520 shares of the real estate investment trust’s stock worth $148,034,000 after buying an additional 102,220 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of CBL & Associates Properties by 17.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 134,701 shares of the real estate investment trust’s stock worth $1,285,000 after buying an additional 20,210 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of CBL & Associates Properties by 14.8% in the first quarter. M&T Bank Corp now owns 15,202 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,964 shares during the last quarter. Institutional investors own 90.50% of the company’s stock.

CBL & Associates Properties Company Profile

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)

What are top analysts saying about CBL & Associates Properties Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CBL & Associates Properties Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit