CBL & Associates Properties, Inc. (NYSE:CBL) Given Average Rating of “Sell” by Brokerages

CBL & Associates Properties, Inc. (NYSE:CBL) has earned a consensus rating of “Sell” from the ten analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.16.

Several research firms recently weighed in on CBL. ValuEngine downgraded shares of CBL & Associates Properties from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. BTIG Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “neutral” rating and set a $0.82 target price for the company in a report on Friday, May 31st. Finally, Barclays reiterated a “hold” rating and issued a $2.00 target price on shares of CBL & Associates Properties in a report on Tuesday, April 16th.

CBL & Associates Properties stock traded up $0.06 during trading on Monday, hitting $1.16. The company had a trading volume of 33,313 shares, compared to its average volume of 3,211,895. CBL & Associates Properties has a 1-year low of $0.77 and a 1-year high of $6.26. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.07. The company has a 50 day simple moving average of $1.08. The stock has a market cap of $194.30 million, a PE ratio of 0.67, a price-to-earnings-growth ratio of -0.22 and a beta of 1.31.

Large investors have recently bought and sold shares of the business. Parsec Financial Management Inc. grew its stake in shares of CBL & Associates Properties by 55.0% in the first quarter. Parsec Financial Management Inc. now owns 105,730 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 37,500 shares in the last quarter. Greenwich Investment Management Inc. grew its stake in shares of CBL & Associates Properties by 4.2% in the fourth quarter. Greenwich Investment Management Inc. now owns 727,066 shares of the real estate investment trust’s stock worth $1,396,000 after acquiring an additional 29,255 shares in the last quarter. Utah Retirement Systems grew its stake in shares of CBL & Associates Properties by 25.3% in the fourth quarter. Utah Retirement Systems now owns 97,638 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 19,700 shares in the last quarter. Arizona State Retirement System grew its stake in shares of CBL & Associates Properties by 6.2% in the fourth quarter. Arizona State Retirement System now owns 265,908 shares of the real estate investment trust’s stock worth $511,000 after acquiring an additional 15,431 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of CBL & Associates Properties in the fourth quarter worth $34,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

About CBL & Associates Properties

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 71.1 million square feet across 26 states, including 71 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.

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

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