CBL & Associates Properties (CBL) Earns “Neutral” Rating from Stifel Nicolaus

CBL & Associates Properties (NYSE:CBL)‘s stock had its “neutral” rating reiterated by equities researchers at Stifel Nicolaus in a research note issued to investors on Monday.

Several other research firms have also recently commented on CBL. Zacks Investment Research cut shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. ValuEngine raised shares of CBL & Associates Properties from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Morgan Stanley set a $2.00 price target on shares of CBL & Associates Properties and gave the company a “sell” rating in a research report on Tuesday, November 27th. Mizuho set a $2.00 price target on shares of CBL & Associates Properties and gave the company a “sell” rating in a research report on Sunday, December 16th. Finally, JPMorgan Chase & Co. cut shares of CBL & Associates Properties from a “neutral” rating to an “underweight” rating in a research report on Wednesday, December 19th. Nine analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. CBL & Associates Properties presently has an average rating of “Sell” and a consensus price target of $3.54.

NYSE:CBL opened at $2.24 on Monday. CBL & Associates Properties has a 12 month low of $1.79 and a 12 month high of $6.26. The company has a debt-to-equity ratio of 3.92, a current ratio of 0.51 and a quick ratio of 0.46. The stock has a market capitalization of $423.04 million, a PE ratio of 1.29, a P/E/G ratio of -0.54 and a beta of 1.53.

CBL & Associates Properties (NYSE:CBL) last posted its earnings results on Thursday, February 7th. The real estate investment trust reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. CBL & Associates Properties had a negative net margin of 9.33% and a negative return on equity of 6.84%. The firm had revenue of $216.90 million during the quarter, compared to analysts’ expectations of $216.50 million. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, research analysts forecast that CBL & Associates Properties will post 1.45 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. purchased a new position in CBL & Associates Properties during the 3rd quarter valued at about $44,000. Paradigm Asset Management Co. LLC purchased a new position in CBL & Associates Properties during the 3rd quarter valued at about $54,000. Sheaff Brock Investment Advisors LLC purchased a new position in CBL & Associates Properties during the 4th quarter valued at about $45,000. Renaissance Technologies LLC purchased a new position in CBL & Associates Properties during the 2nd quarter valued at about $145,000. Finally, Schulhoff & Co. Inc. lifted its position in CBL & Associates Properties by 47.5% during the 4th quarter. Schulhoff & Co. Inc. now owns 31,064 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 10,000 shares during the period. 77.41% of the stock is owned by institutional investors.

CBL & Associates Properties Company Profile

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 71.9 million square feet across 26 states, including 73 high-quality enclosed, outlet and open-air retail centers and 12 properties managed for third parties.

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Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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