CBL & Associates Properties (NYSE:CBL)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a research note issued on Friday. They currently have a $6.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price objective points to a potential upside of 5.45% from the stock’s current price.
A number of other research analysts have also issued reports on the company. ValuEngine lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reiterated an “underperform” rating on shares of CBL & Associates Properties in a research report on Thursday, December 21st. Raymond James Financial lowered CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Wednesday, December 20th. Morgan Stanley reiterated an “underweight” rating and set a $4.75 target price on shares of CBL & Associates Properties in a research report on Thursday, December 14th. Finally, Citigroup lowered CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $4.00 target price on the stock. in a research report on Thursday, December 14th. Nine research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of $8.64.
Shares of CBL & Associates Properties (CBL) traded down $0.04 during trading hours on Friday, hitting $5.69. The stock had a trading volume of 1,830,000 shares, compared to its average volume of 4,610,000. CBL & Associates Properties has a 52-week low of $5.31 and a 52-week high of $11.25. The stock has a market cap of $973.57, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.72 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39.
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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.
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