CBL & Associates Properties (NYSE:CBL) Trading 5.3% Higher

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) traded up 5.3% during trading on Monday . The company traded as high as $1.62 and last traded at $1.58, 2,302,461 shares traded hands during trading. A decline of 22% from the average session volume of 2,939,527 shares. The stock had previously closed at $1.50.

CBL has been the subject of several research reports. Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Co reissued a “sell” rating on shares of CBL & Associates Properties in a research report on Wednesday, June 26th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. CBL & Associates Properties has an average rating of “Hold” and a consensus price target of $1.71.

The company has a market capitalization of $271.48 million, a PE ratio of 0.89, a PEG ratio of -0.40 and a beta of 1.61. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 4.21. The firm’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.11.

CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.55). The company had revenue of $193.38 million during the quarter, compared to analysts’ expectations of $188.72 million. CBL & Associates Properties had a negative net margin of 14.76% and a negative return on equity of 10.14%. As a group, analysts anticipate that CBL & Associates Properties, Inc. will post 1.32 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its position in shares of CBL & Associates Properties by 1,195.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 41,193 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 38,013 shares during the period. Trust Co. of Toledo NA OH lifted its position in shares of CBL & Associates Properties by 24.6% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 52,377 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 10,352 shares during the period. Quinn Opportunity Partners LLC purchased a new stake in shares of CBL & Associates Properties in the 2nd quarter worth approximately $112,000. Parsec Financial Management Inc. lifted its position in shares of CBL & Associates Properties by 14.2% in the 2nd quarter. Parsec Financial Management Inc. now owns 120,730 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 15,000 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of CBL & Associates Properties by 10.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 125,617 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 11,559 shares during the period. 64.99% of the stock is owned by institutional investors.

About CBL & Associates Properties (NYSE:CBL)

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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