CBL & Associates Properties, Inc. (NYSE:CBL)‘s stock had its “hold” rating reiterated by equities research analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $7.50 target price on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 26.69% from the stock’s previous close.

CBL has been the topic of a number of other research reports. BidaskClub upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Bank of America Corporation cut CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 price target on the stock. in a research note on Friday. Wells Fargo & Company cut CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research note on Friday. Zacks Investment Research raised CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Hilliard Lyons lowered CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a report on Friday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.72.

CBL & Associates Properties (CBL) traded down $1.88 on Friday, reaching $5.92. The company had a trading volume of 33,836,772 shares, compared to its average volume of 2,561,377. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.27. The firm has a market cap of $1,012.89, a P/E ratio of 2.69, a PEG ratio of 0.94 and a beta of 1.22.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in CBL. Prudential Financial Inc. grew its holdings in shares of CBL & Associates Properties by 186.6% during the 1st quarter. Prudential Financial Inc. now owns 148,413 shares of the real estate investment trust’s stock worth $1,416,000 after purchasing an additional 96,621 shares in the last quarter. Wellington Management Group LLP boosted its stake in CBL & Associates Properties by 105.8% in the first quarter. Wellington Management Group LLP now owns 649,916 shares of the real estate investment trust’s stock valued at $6,201,000 after buying an additional 334,096 shares in the last quarter. Teachers Advisors LLC boosted its stake in CBL & Associates Properties by 2.7% in the first quarter. Teachers Advisors LLC now owns 349,745 shares of the real estate investment trust’s stock valued at $3,337,000 after buying an additional 9,217 shares in the last quarter. Geode Capital Management LLC boosted its stake in CBL & Associates Properties by 21.7% in the first quarter. Geode Capital Management LLC now owns 2,541,636 shares of the real estate investment trust’s stock valued at $24,246,000 after buying an additional 452,803 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in CBL & Associates Properties by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,397,174 shares of the real estate investment trust’s stock valued at $22,868,000 after buying an additional 86,122 shares in the last quarter. 89.46% of the stock is currently owned by institutional investors.

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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