CBL & Associates Properties, Inc. (NYSE:CBL)‘s stock had its “hold” rating reaffirmed by analysts at KeyCorp in a research report issued on Friday.

Several other equities research analysts also recently issued reports on CBL. Boenning Scattergood reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Monday, August 7th. Bank of America Corporation downgraded CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 price target for the company. in a report on Friday. Hilliard Lyons downgraded CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a report on Friday. ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.72.

Shares of CBL & Associates Properties (NYSE:CBL) traded down $1.88 during trading 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 debt-to-equity ratio of 3.27, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $1.37 billion, a P/E ratio of 3.63, a P/E/G ratio of 1.27 and a beta of 1.22.

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Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,027 shares during the last quarter. WFG Advisors LP purchased a new position in shares of CBL & Associates Properties during the 2nd quarter valued at $124,000. ARP Americas LLC purchased a new position in shares of CBL & Associates Properties during the 2nd quarter valued at $125,000. Daiwa Securities Group Inc. lifted its position in shares of CBL & Associates Properties by 19.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,500 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of CBL & Associates Properties by 152.2% during the 2nd quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 9,594 shares during the last quarter. 89.46% of the stock is currently owned by institutional investors and hedge funds.

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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