CBL & Associates Properties, Inc. (NYSE:CBL) Director Michael L. Ashner acquired 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of $1.04 per share, for a total transaction of $1,040,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CBL stock traded down $0.01 during midday trading on Wednesday, hitting $1.01. The stock had a trading volume of 6,309,807 shares, compared to its average volume of 2,909,250. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 4.57. The firm has a market cap of $180.44 million, a P/E ratio of 0.58, a price-to-earnings-growth ratio of -0.36 and a beta of 1.61. The business has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $1.15. CBL & Associates Properties, Inc. has a 1-year low of $0.77 and a 1-year high of $2.62.
CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.19). CBL & Associates Properties had a negative return on equity of 14.39% and a negative net margin of 19.09%. The business had revenue of $187.25 million for the quarter, compared to analyst estimates of $191.77 million. On average, equities analysts anticipate that CBL & Associates Properties, Inc. will post 1.33 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in CBL & Associates Properties by 151.7% during the third quarter. Tower Research Capital LLC TRC now owns 26,636 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 16,052 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of CBL & Associates Properties during the 3rd quarter worth approximately $35,000. Meeder Asset Management Inc. boosted its holdings in shares of CBL & Associates Properties by 1,195.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 41,193 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 38,013 shares in the last quarter. Trust Co. of Toledo NA OH boosted its holdings in shares of CBL & Associates Properties by 24.6% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 52,377 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 10,352 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of CBL & Associates Properties during the 2nd quarter worth approximately $112,000. 66.69% 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 71.1 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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