CBL & Associates Properties (CBL) Earns Sell Rating from Boenning Scattergood

CBL & Associates Properties (NYSE:CBL)‘s stock had its “sell” rating reiterated by stock analysts at Boenning Scattergood in a research report issued to clients and investors on Monday.

Several other research firms have also recently weighed in on CBL. Wells Fargo & Co cut CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a report on Friday, November 3rd. Bank of America cut CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 price objective for the company. in a report on Friday, November 3rd. Hilliard Lyons cut CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a report on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $7.50 price objective on shares of CBL & Associates Properties in a report on Friday, November 3rd. Finally, Jefferies Group cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Nine investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has an average rating of “Sell” and a consensus target price of $8.64.

CBL & Associates Properties (CBL) traded up $0.28 on Monday, reaching $4.48. The company had a trading volume of 7,601,838 shares, compared to its average volume of 3,889,821. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. CBL & Associates Properties has a fifty-two week low of $4.00 and a fifty-two week high of $10.90. The company has a market cap of $754.56, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.06.

CBL & Associates Properties (NYSE:CBL) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.41. CBL & Associates Properties had a return on equity of 8.14% and a net margin of 13.04%. The business had revenue of $235.30 million for the quarter, compared to analyst estimates of $246.46 million. During the same period last year, the company earned $0.68 EPS. CBL & Associates Properties’s revenue for the quarter was down 9.0% compared to the same quarter last year. equities research analysts anticipate that CBL & Associates Properties will post 1.87 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CBL. WFG Advisors LP purchased a new position in shares of CBL & Associates Properties in the 2nd quarter valued at approximately $124,000. Virtu KCG Holdings LLC purchased a new position in shares of CBL & Associates Properties in the 2nd quarter valued at approximately $140,000. Shelton Capital Management purchased a new position in shares of CBL & Associates Properties in the 2nd quarter valued at approximately $143,000. Engineers Gate Manager LP purchased a new position in shares of CBL & Associates Properties in the 4th quarter valued at approximately $144,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of CBL & Associates Properties in the 4th quarter valued at approximately $148,000. Institutional investors own 93.11% of the company’s stock.

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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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