CBL & Associates Properties, Inc. (NYSE:CBL) was downgraded by Boenning Scattergood from a “neutral” rating to an “under perform” rating in a research note issued on Friday, MarketBeat Ratings reports.

CBL has been the topic of several other reports. BidaskClub upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus began coverage on CBL & Associates Properties in a research report on Friday, July 14th. They set a “hold” rating and a $8.25 target price on the stock. Bank of America Corporation downgraded CBL & Associates Properties from a “neutral” rating to an “underperform” rating in a research report on Friday. Wells Fargo & Company downgraded CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a report on Friday. Finally, Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. CBL & Associates Properties presently has a consensus rating of “Hold” and an average target price of $10.22.

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Large investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new stake in shares of CBL & Associates Properties during the 2nd quarter valued at about $312,000. Ray Gerald L & Associates Ltd. raised its holdings in shares of CBL & Associates Properties by 8.3% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 439,106 shares of the real estate investment trust’s stock valued at $3,701,000 after buying an additional 33,705 shares during the period. Comerica Bank raised its holdings in shares of CBL & Associates Properties by 45.5% during the 2nd quarter. Comerica Bank now owns 414,176 shares of the real estate investment trust’s stock valued at $3,653,000 after buying an additional 129,570 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of CBL & Associates Properties by 1,153.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 163,878 shares of the real estate investment trust’s stock valued at $1,381,000 after buying an additional 150,799 shares during the period. Finally, PVG Asset Management Corp raised its holdings in shares of CBL & Associates Properties by 71.3% during the 2nd quarter. PVG Asset Management Corp now owns 824,962 shares of the real estate investment trust’s stock valued at $6,954,000 after buying an additional 343,436 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.

About CBL & Associates Properties

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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