CBL & Associates Properties (CBL) Stock Rating Reaffirmed by Stifel Nicolaus

CBL & Associates Properties (NYSE:CBL)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a report released on Friday. They currently have a $6.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective points to a potential upside of 5.45% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. ValuEngine upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Mizuho reiterated a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a report on Monday, October 9th. KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Wednesday, October 4th. Jefferies Group downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, Hilliard Lyons downgraded CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a report on Friday, November 3rd. Nine equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has an average rating of “Sell” and a consensus price target of $8.64.

CBL & Associates Properties (NYSE:CBL) opened at $5.69 on Friday. The firm has a market capitalization of $973.57, a PE ratio of 9.03, a PEG ratio of 0.72 and a beta of 1.10. CBL & Associates Properties has a twelve month low of $5.31 and a twelve month high of $11.25. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39.

Several hedge funds and other institutional investors have recently made changes to their positions in CBL. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CBL & Associates Properties by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,027 shares in the last quarter. WFG Advisors LP bought a new stake in shares of CBL & Associates Properties in the 2nd quarter valued at approximately $124,000. Virtu KCG Holdings LLC bought a new stake in shares of CBL & Associates Properties in the 2nd quarter valued at approximately $140,000. Shelton Capital Management bought a new stake in shares of CBL & Associates Properties in the 2nd quarter valued at approximately $143,000. Finally, Bridgewater Associates LP bought a new stake in shares of CBL & Associates Properties in the 2nd quarter valued at approximately $150,000. 95.81% of the stock is owned by institutional investors and hedge funds.

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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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