CBL & Associates Properties, Inc. (NYSE:CBL) Director Michael L. Ashner bought 900,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $0.51 per share, with a total value of $459,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael L. Ashner also recently made the following trade(s):
- On Friday, January 10th, Michael L. Ashner sold 5,000 shares of CBL & Associates Properties stock. The shares were sold at an average price of $4.62, for a total value of $23,100.00.
Shares of CBL & Associates Properties stock traded up $0.01 during trading hours on Wednesday, hitting $0.52. 3,131,992 shares of the company’s stock traded hands, compared to its average volume of 1,711,911. The stock has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $1.11. The company has a quick ratio of 0.45, a current ratio of 0.56 and a debt-to-equity ratio of 4.57. The company has a market cap of $88.31 million, a PE ratio of -1.08 and a beta of 1.65. CBL & Associates Properties, Inc. has a twelve month low of $0.46 and a twelve month high of $2.20.
Several analysts have recently weighed in on the company. ValuEngine downgraded CBL & Associates Properties from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Zacks Investment Research downgraded CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. CBL & Associates Properties has a consensus rating of “Sell” and a consensus target price of $1.27.
Several institutional investors have recently made changes to their positions in CBL. Jeereddi Investments LP acquired a new stake in shares of CBL & Associates Properties during the fourth quarter valued at about $25,000. Capital Square LLC acquired a new stake in shares of CBL & Associates Properties during the fourth quarter valued at about $28,000. Tower Research Capital LLC TRC grew its stake in CBL & Associates Properties by 151.7% in 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 in the last quarter. Coldstream Capital Management Inc. acquired a new position in CBL & Associates Properties in the third quarter worth about $35,000. Finally, Triad Investment Management acquired a new position in CBL & Associates Properties in the fourth quarter worth about $37,000. Institutional investors own 69.91% of the company’s stock.
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.
See Also: Bid-Ask Spread
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.