CBL & Associates Properties (CBL) Receives “Hold” Rating from Stifel Nicolaus

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.

A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in CBL & Associates Properties by 70.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 99,110 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 40,900 shares in the last quarter. Adams Asset Advisors LLC lifted its holdings in CBL & Associates Properties by 5.7% in the 4th quarter. Adams Asset Advisors LLC now owns 1,509,103 shares of the real estate investment trust’s stock valued at $8,541,000 after purchasing an additional 80,810 shares in the last quarter. Cetera Advisor Networks LLC purchased a new position in CBL & Associates Properties in the 3rd quarter valued at $871,000. California Public Employees Retirement System lifted its holdings in CBL & Associates Properties by 9.7% in the 3rd quarter. California Public Employees Retirement System now owns 728,683 shares of the real estate investment trust’s stock valued at $6,114,000 after purchasing an additional 64,298 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in CBL & Associates Properties in the 3rd quarter valued at $190,000. Institutional investors own 95.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2018/01/13/cbl-associates-properties-cbl-receives-hold-rating-from-stifel-nicolaus.html.

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)

Receive News & Ratings for CBL & Associates Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBL & Associates Properties and related companies with MarketBeat.com's FREE daily email newsletter.

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