Trade Report: Today, Brokerages Set CBL & Associates Properties Inc. (CBL) Target Price at $13.50

Today, Brokerages Set CBL & Associates Properties Inc. (CBL) Target Price at $13.50

CBL & Associates Properties Inc. (NYSE:CBL) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the firm. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.50.

A number of brokerages recently weighed in on CBL. Jefferies Group restated a “buy” rating on shares of CBL & Associates Properties in a research report on Tuesday, September 13th. Canaccord Genuity reiterated a “hold” rating on shares of CBL & Associates Properties in a research report on Friday, August 12th. Citigroup Inc. upped their price target on CBL & Associates Properties from $11.00 to $11.50 and gave the company a “neutral” rating in a research report on Friday, August 5th. Mizuho upped their price target on CBL & Associates Properties from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, August 15th. Finally, TheStreet lowered CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Friday, October 28th.

Several large investors have recently made changes to their positions in the stock. BlackRock Japan Co. Ltd increased its position in CBL & Associates Properties by 3.5% in the third quarter. BlackRock Japan Co. Ltd now owns 8,269 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 279 shares during the period. Nuveen Asset Management LLC purchased a new position in CBL & Associates Properties during the second quarter worth $104,000. Stifel Financial Corp purchased a new position in CBL & Associates Properties during the second quarter worth $114,000. Nuveen Fund Advisors LLC purchased a new position in CBL & Associates Properties during the second quarter worth $118,000. Finally, KCG Holdings Inc. purchased a new position in CBL & Associates Properties during the second quarter worth $120,000. Institutional investors own 89.87% of the company’s stock.

Shares of CBL & Associates Properties (NYSE:CBL) opened at 11.90 on Tuesday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 56.67 and a beta of 1.30. The company has a 50-day moving average price of $11.49 and a 200-day moving average price of $11.43. CBL & Associates Properties has a 12 month low of $8.86 and a 12 month high of $14.30.

CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $251.72 million for the quarter, compared to analyst estimates of $252.31 million. CBL & Associates Properties had a return on equity of 4.18% and a net margin of 7.81%. CBL & Associates Properties’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. Analysts forecast that CBL & Associates Properties will post $2.38 earnings per share for the current fiscal year.

CBL & Associates Properties Company Profile

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.

Receive News & Ratings for CBL & Associates Properties Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CBL & Associates Properties Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment