CBL & Associates Properties (NYSE:CBL) Rating Reiterated by Jefferies Group

CBL & Associates Properties (NYSE:CBL)‘s stock had its “underperform” rating restated by stock analysts at Jefferies Group in a research note issued on Thursday, December 21st, MarketBeat.com reports. Jefferies Group also issued estimates for CBL & Associates Properties’ FY2018 earnings at $1.92 EPS and FY2019 earnings at $1.75 EPS.

A number of other research firms also recently commented on CBL. Mizuho reiterated a “hold” rating and issued a $9.00 price target on shares of CBL & Associates Properties in a research note on Monday, October 9th. Zacks Investment Research downgraded CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and issued a $7.50 target price on shares of CBL & Associates Properties in a research note on Friday, November 3rd. Finally, Morgan Stanley restated an “underweight” rating and issued a $4.75 target price on shares of CBL & Associates Properties in a research note on Thursday, December 14th. Nine equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and an average price target of $8.64.

CBL & Associates Properties (NYSE:CBL) opened at $5.69 on Thursday. The company has a market capitalization of $973.57, a PE ratio of 2.59, a P/E/G ratio of 0.72 and a beta of 1.10. CBL & Associates Properties has a 52 week low of $5.31 and a 52 week high of $11.25. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39.

A number of hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CBL & Associates Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,027 shares during the last quarter. WFG Advisors LP bought a new stake in shares of CBL & Associates Properties during the second quarter valued at approximately $124,000. Bank of Montreal Can raised its holdings in shares of CBL & Associates Properties by 152.2% during the second quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 9,594 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of CBL & Associates Properties during the second quarter valued at approximately $140,000. Finally, Shelton Capital Management bought a new stake in shares of CBL & Associates Properties during the second quarter valued at approximately $143,000. Institutional investors own 95.81% of the company’s stock.

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CBL & Associates Properties Company Profile

CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. 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.

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

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