CBL & Associates Properties’ (CBL) Hold Rating Reaffirmed at Barclays

Barclays restated their hold rating on shares of CBL & Associates Properties (NYSE:CBL) in a report released on Thursday. They currently have a $3.00 price objective on the real estate investment trust’s stock.

Several other research firms have also weighed in on CBL. Zacks Investment Research upgraded CBL & Associates Properties from a sell rating to a hold rating in a report on Tuesday, January 15th. ValuEngine upgraded CBL & Associates Properties from a strong sell rating to a sell rating in a report on Monday, February 4th. JPMorgan Chase & Co. lowered CBL & Associates Properties from a neutral rating to an underweight rating in a report on Wednesday, December 19th. Wells Fargo & Co reiterated a sell rating on shares of CBL & Associates Properties in a report on Tuesday, February 12th. Finally, Stifel Nicolaus reiterated a neutral rating on shares of CBL & Associates Properties in a report on Monday, February 11th. Seven analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. CBL & Associates Properties has a consensus rating of Sell and an average price target of $3.29.

Shares of CBL & Associates Properties stock traded down $0.10 during trading on Thursday, reaching $1.89. 14,201 shares of the company were exchanged, compared to its average volume of 2,584,810. CBL & Associates Properties has a twelve month low of $1.78 and a twelve month high of $6.26. The stock has a market cap of $345.19 million, a PE ratio of 1.10, a price-to-earnings-growth ratio of -0.33 and a beta of 1.46.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. CBL & Associates Properties had a negative return on equity of 6.84% and a negative net margin of 9.33%. The business had revenue of $216.90 million during the quarter, compared to analysts’ expectations of $216.50 million. During the same period in the previous year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, research analysts predict that CBL & Associates Properties will post 1.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, March 29th. This represents a $0.30 annualized dividend and a yield of 15.87%. CBL & Associates Properties’s dividend payout ratio is presently 17.34%.

Several institutional investors have recently modified their holdings of CBL. Bank of New York Mellon Corp lifted its holdings in shares of CBL & Associates Properties by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 3,735,472 shares of the real estate investment trust’s stock valued at $20,807,000 after purchasing an additional 107,382 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of CBL & Associates Properties by 11.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,914,278 shares of the real estate investment trust’s stock valued at $19,899,000 after purchasing an additional 504,169 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of CBL & Associates Properties by 7.2% in the third quarter. Wells Fargo & Company MN now owns 360,132 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 24,057 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of CBL & Associates Properties by 51.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 301,500 shares of the real estate investment trust’s stock valued at $1,203,000 after purchasing an additional 102,600 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of CBL & Associates Properties by 25.8% in the third quarter. Systematic Financial Management LP now owns 317,560 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 65,225 shares in the last quarter. Institutional investors own 77.09% 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.

Featured Article: Discover Your Risk Tolerance

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

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.