According to Zacks, “CBL & Associates Properties, Inc. is a fully integrated real estate investment trust which owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, community centers and office properties. The Company conducts substantially all of its business through its operating partnership. It owns two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc. CBL & Associates Properties is headquartered in Chattanooga, Tennessee. “
A number of other equities analysts have also recently issued reports on CBL. Wells Fargo & Co restated a “sell” rating on shares of CBL & Associates Properties in a research report on Tuesday, February 12th. ValuEngine upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Barclays restated a “hold” rating and set a $3.00 target price on shares of CBL & Associates Properties in a research report on Thursday, March 14th. Finally, BTIG Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “neutral” rating and set a $0.82 target price for the company in a research report on Friday, May 31st. Six analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average price target of $2.60.
Shares of NYSE CBL traded down $0.04 during midday trading on Wednesday, hitting $1.07. The company had a trading volume of 1,370,300 shares, compared to its average volume of 3,350,553. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $182.15 million, a price-to-earnings ratio of 0.62, a price-to-earnings-growth ratio of -0.20 and a beta of 1.31. CBL & Associates Properties has a twelve month low of $0.77 and a twelve month high of $6.26.
Several large investors have recently bought and sold shares of the company. Evergreen Capital Management LLC purchased a new stake in CBL & Associates Properties in the first quarter valued at approximately $30,000. Creative Planning purchased a new stake in CBL & Associates Properties during the first quarter worth approximately $31,000. Coldstream Capital Management Inc. purchased a new stake in CBL & Associates Properties during the fourth quarter worth approximately $34,000. HHM Wealth Advisors LLC purchased a new stake in CBL & Associates Properties during the first quarter worth approximately $37,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in CBL & Associates Properties during the first quarter worth approximately $41,000. 77.08% of the stock is owned by institutional investors and hedge funds.
About CBL & Associates Properties
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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