CBL & Associates Properties, Inc. (NYSE:CBL) Receives $1.71 Consensus Price Target from Analysts

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) have earned an average recommendation of “Sell” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $1.71.

A number of analysts have recently issued reports on CBL shares. Zacks Investment Research downgraded CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Wells Fargo & Co restated a “sell” rating on shares of CBL & Associates Properties in a research report on Wednesday, June 26th. Finally, ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Thursday.

Shares of CBL & Associates Properties stock traded down $0.03 during trading hours on Friday, hitting $1.46. 27,201 shares of the company’s stock traded hands, compared to its average volume of 2,598,063. CBL & Associates Properties has a 12-month low of $0.77 and a 12-month high of $3.71. The stock has a market capitalization of $255.00 million, a price-to-earnings ratio of 0.84, a PEG ratio of -0.37 and a beta of 1.61. The company has a fifty day simple moving average of $1.18 and a 200-day simple moving average of $1.11. The company has a debt-to-equity ratio of 4.21, a current ratio of 0.41 and a quick ratio of 0.41.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.55). The firm had revenue of $193.38 million during the quarter, compared to analysts’ expectations of $188.72 million. CBL & Associates Properties had a negative return on equity of 10.14% and a negative net margin of 14.76%. On average, analysts forecast that CBL & Associates Properties will post 1.32 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in CBL & Associates Properties by 94.1% in the second quarter. Renaissance Technologies LLC now owns 3,247,600 shares of the real estate investment trust’s stock worth $3,378,000 after acquiring an additional 1,574,800 shares in the last quarter. Zweig DiMenna Associates LLC increased its position in CBL & Associates Properties by 69.3% in the second quarter. Zweig DiMenna Associates LLC now owns 1,532,738 shares of the real estate investment trust’s stock worth $1,594,000 after buying an additional 627,240 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in CBL & Associates Properties by 81.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,222,100 shares of the real estate investment trust’s stock worth $1,271,000 after buying an additional 548,500 shares in the last quarter. Marshall Wace LLP increased its position in CBL & Associates Properties by 138.9% in the first quarter. Marshall Wace LLP now owns 698,589 shares of the real estate investment trust’s stock worth $1,083,000 after buying an additional 406,192 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its position in CBL & Associates Properties by 420.4% in the second quarter. Marshall Wace North America L.P. now owns 437,270 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 353,238 shares in the last quarter. Institutional investors own 64.91% of the company’s stock.

CBL & Associates Properties Company Profile

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 71.1 million square feet across 26 states, including 71 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.

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

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