CBL & Associates Properties, Inc. (CBL) Earns “Hold” Rating from KeyCorp

CBL & Associates Properties, Inc. (NYSE:CBL)‘s stock had its “hold” rating reaffirmed by equities research analysts at KeyCorp in a research note issued to investors on Friday, November 3rd.

CBL has been the subject of a number of other research reports. Stifel Nicolaus began coverage on CBL & Associates Properties in a report on Friday, July 14th. They set a “hold” rating and a $8.25 target price for the company. BidaskClub raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a report on Monday, August 7th. Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, ValuEngine cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. CBL & Associates Properties presently has a consensus rating of “Hold” and a consensus target price of $9.72.

Shares of CBL & Associates Properties (CBL) traded up $0.04 during mid-day trading on Friday, hitting $5.75. The stock had a trading volume of 3,227,842 shares, compared to its average volume of 4,044,575. The company has a market capitalization of $983.83, a PE ratio of 2.57, a price-to-earnings-growth ratio of 0.68 and a beta of 1.22. CBL & Associates Properties has a 1 year low of $5.46 and a 1 year high of $12.34. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39.

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Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 purchasing an additional 1,027 shares during the last quarter. WFG Advisors LP acquired a new position in CBL & Associates Properties during the 2nd quarter valued at about $124,000. ARP Americas LLC acquired a new position in CBL & Associates Properties during the 2nd quarter valued at about $125,000. Daiwa Securities Group Inc. grew its stake in shares of CBL & Associates Properties by 19.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of CBL & Associates Properties by 152.2% in the 2nd quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 9,594 shares during the last quarter. Institutional investors own 98.74% of the company’s stock.

About CBL & Associates Properties

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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