A number of other analysts have also recently weighed in on CBL. Zacks Investment Research raised Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 price objective for the company in a research report on Wednesday, June 12th. BTIG Research decreased their price objective on Nutanix to $40.00 and set a buy rating for the company in a research report on Friday, May 31st. Barclays set a €45.00 ($52.33) price objective on Zalando and gave the stock a buy rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Co raised Centurylink from a market perform rating to an outperform rating and increased their price objective for the stock from $12.00 to $14.00 in a research report on Wednesday, June 26th. Seven analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of Sell and a consensus price target of $2.60.
CBL & Associates Properties stock opened at $0.92 on Thursday. CBL & Associates Properties has a twelve month low of $0.77 and a twelve month high of $5.79. The stock’s 50 day moving average is $1.04. 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 firm has a market cap of $159.60 million, a PE ratio of 0.57, a price-to-earnings-growth ratio of -0.22 and a beta of 1.50.
Several institutional investors and hedge funds have recently bought and sold shares of CBL. Evergreen Capital Management LLC acquired a new stake in shares of CBL & Associates Properties in the 1st quarter valued at approximately $30,000. Creative Planning acquired a new stake in shares of CBL & Associates Properties in the 1st quarter valued at approximately $31,000. Coldstream Capital Management Inc. acquired a new stake in shares of CBL & Associates Properties in the 4th quarter valued at approximately $34,000. HHM Wealth Advisors LLC acquired a new stake in shares of CBL & Associates Properties in the 1st quarter valued at approximately $37,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of CBL & Associates Properties in the 1st quarter valued at approximately $41,000. 76.76% 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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