CBL & Associates Properties (CBL) Upgraded at ValuEngine

ValuEngine upgraded shares of CBL & Associates Properties (NYSE:CBL) from a strong sell rating to a sell rating in a report released on Tuesday morning.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus increased their price objective on CBL & Associates Properties from $4.25 to $4.75 and gave the company a hold rating in a report on Thursday, August 2nd. Zacks Investment Research raised CBL & Associates Properties from a sell rating to a hold rating in a report on Friday, August 3rd. Bank of America decreased their price objective on CBL & Associates Properties from $4.50 to $4.00 and set an underperform rating for the company in a report on Monday, August 13th. Finally, BTIG Research downgraded CBL & Associates Properties from a neutral rating to a sell rating in a report on Tuesday, August 7th. Eleven research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of Sell and an average target price of $4.19.

CBL stock opened at $3.18 on Tuesday. The company has a market capitalization of $640.60 million, a PE ratio of 2.02, a PEG ratio of -0.71 and a beta of 0.96. CBL & Associates Properties has a twelve month low of $3.13 and a twelve month high of $8.04. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.45 and a quick ratio of 0.51.

CBL & Associates Properties (NYSE:CBL) last posted its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.39). The firm had revenue of $206.88 million during the quarter, compared to analyst estimates of $209.53 million. CBL & Associates Properties had a net margin of 1.39% and a return on equity of 1.29%. CBL & Associates Properties’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. On average, sell-side analysts predict that CBL & Associates Properties will post 1.74 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Monday, December 31st will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Sunday, December 30th. CBL & Associates Properties’s dividend payout ratio is presently 38.46%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in shares of CBL & Associates Properties during the second quarter worth $145,000. Cubist Systematic Strategies LLC lifted its holdings in shares of 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of CBL & Associates Properties during the second quarter worth $203,000. Paloma Partners Management Co acquired a new stake in shares of CBL & Associates Properties during the second quarter worth $208,000. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in shares of CBL & Associates Properties by 266.3% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 52,109 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 37,884 shares during the period. 75.82% of the stock is owned by hedge funds and other institutional investors.

CBL & Associates Properties Company Profile

CBL & Associates Properties, Inc is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments.

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

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