CBL & Associates Properties (NYSE:CBL) Stock Rating Upgraded by ValuEngine

CBL & Associates Properties (NYSE:CBL) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Monday, February 4th.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Morgan Stanley set a $2.00 target price on shares of CBL & Associates Properties and gave the stock a “sell” rating in a research note on Tuesday, November 27th. Mizuho set a $2.00 target price on shares of CBL & Associates Properties and gave the stock a “sell” rating in a research note on Sunday, December 16th. Finally, JPMorgan Chase & Co. downgraded shares of CBL & Associates Properties from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 19th. Seven research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has a consensus rating of “Sell” and a consensus target price of $3.63.

CBL stock traded down $0.16 during trading on Monday, hitting $1.98. 4,637,131 shares of the stock traded hands, compared to its average volume of 2,304,227. CBL & Associates Properties has a one year low of $1.79 and a one year high of $6.26. The company has a market capitalization of $372.97 million, a P/E ratio of 1.14, a P/E/G ratio of -0.38 and a beta of 1.53. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 3.92.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. CBL & Associates Properties had a negative net margin of 9.33% and a negative return on equity of 6.84%. The firm had revenue of $216.90 million during the quarter, compared to the consensus estimate of $216.50 million. During the same period last year, the firm posted $0.56 EPS. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, research analysts expect that CBL & Associates Properties will post 1.44 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of CBL. Dimensional Fund Advisors LP boosted its holdings in shares of CBL & Associates Properties by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,695,425 shares of the real estate investment trust’s stock valued at $15,015,000 after buying an additional 45,877 shares during the period. Renaissance Technologies LLC acquired a new position in CBL & Associates Properties during the second quarter worth $145,000. Cubist Systematic Strategies LLC boosted its holdings in CBL & Associates Properties by 73.8% during the second quarter. Cubist Systematic Strategies LLC now owns 32,175 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 13,661 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in CBL & Associates Properties by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 3,735,472 shares of the real estate investment trust’s stock worth $20,807,000 after purchasing an additional 107,382 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in CBL & Associates Properties by 98.4% during the third quarter. State of Alaska Department of Revenue now owns 111,170 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 55,133 shares during the last quarter. Hedge funds and other institutional investors own 77.22% 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 71.9 million square feet across 26 states, including 73 high-quality enclosed, outlet and open-air retail centers and 12 properties managed for third parties.

See Also: Asset Allocation, Balancing Your Investments

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

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