Analysts Set CBL & Associates Properties, Inc. (CBL) Target Price at $3.54

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) have received an average rating of “Sell” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.54.

A number of research analysts have weighed in on CBL shares. ValuEngine raised shares of CBL & Associates Properties from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Zacks Investment Research lowered shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. Morgan Stanley set a $2.00 price objective on shares of CBL & Associates Properties and gave the company a “sell” rating in a research note on Tuesday, November 27th. Mizuho set a $2.00 price objective on shares of CBL & Associates Properties and gave the company a “sell” rating in a research note on Sunday, December 16th. Finally, JPMorgan Chase & Co. lowered shares of CBL & Associates Properties from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 19th.

CBL & Associates Properties stock opened at $2.23 on Friday. CBL & Associates Properties has a 1-year low of $1.79 and a 1-year high of $6.26. The firm has a market capitalization of $386.78 million, a price-to-earnings ratio of 1.07, a price-to-earnings-growth ratio of -0.49 and a beta of 1.25. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.46 and a current ratio of 0.46.

CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.39). CBL & Associates Properties had a net margin of 1.39% and a return on equity of 1.29%. The business had revenue of $206.88 million during the quarter, compared to the consensus estimate of $209.53 million. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. Equities research analysts predict that CBL & Associates Properties will post 1.73 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Monday, December 31st will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 13.45%. The ex-dividend date is Sunday, December 30th. CBL & Associates Properties’s payout ratio is currently 14.42%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBL. Marshall Wace North America L.P. bought a new stake in CBL & Associates Properties in the third quarter worth about $44,000. Paradigm Asset Management Co. LLC bought a new stake in CBL & Associates Properties in the third quarter worth about $54,000. Cubist Systematic Strategies LLC raised its position in CBL & Associates Properties by 73.8% in the second 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. Teachers Advisors LLC raised its position in CBL & Associates Properties by 3.4% in the third quarter. Teachers Advisors LLC now owns 475,654 shares of the real estate investment trust’s stock worth $1,898,000 after acquiring an additional 15,859 shares during the period. Finally, Macquarie Group Ltd. raised its position in CBL & Associates Properties by 18.3% in the third quarter. Macquarie Group Ltd. now owns 127,800 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 19,800 shares during the period. 77.12% of the stock is currently owned by institutional investors.

CBL & Associates Properties Company Profile

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 114 properties totaling 71.9 million square feet across 26 states, including 73 high-quality enclosed, outlet and open-air retail centers and 12 properties managed for third parties.

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

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