CBL & Associates Properties, Inc. (CBL) Receives “Hold” Rating from Mizuho

CBL & Associates Properties, Inc. (NYSE:CBL)‘s stock had its “hold” rating reiterated by analysts at Mizuho in a report issued on Monday, October 9th. They presently have a $9.00 price target on the real estate investment trust’s stock. Mizuho’s price objective suggests a potential upside of 5.14% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. Barclays PLC reissued a “hold” rating and set a $9.00 target price on shares of CBL & Associates Properties in a research report on Friday, June 23rd. Jefferies Group LLC reissued a “buy” rating and set a $11.00 target price on shares of CBL & Associates Properties in a research report on Friday, June 16th. Stifel Nicolaus initiated coverage on shares of CBL & Associates Properties in a research report on Friday, July 14th. They set a “hold” rating and a $8.25 target price for the company. KeyCorp reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday, October 4th. Finally, ValuEngine raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.22.

Shares of CBL & Associates Properties (NYSE:CBL) opened at 8.56 on Monday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 14.56 and a beta of 1.18. CBL & Associates Properties has a 52 week low of $7.15 and a 52 week high of $12.35. The stock has a 50 day moving average of $8.40 and a 200-day moving average of $8.54.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Brookfield Asset Management Inc. lifted its stake in CBL & Associates Properties by 12.7% during the 2nd quarter. Brookfield Asset Management Inc. now owns 14,811,925 shares of the real estate investment trust’s stock valued at $124,865,000 after acquiring an additional 1,665,655 shares in the last quarter. WFG Advisors LP bought a new position in CBL & Associates Properties during the 2nd quarter valued at $124,000. Public Employees Retirement System of Ohio lifted its stake in CBL & Associates Properties by 12.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 237,507 shares of the real estate investment trust’s stock valued at $2,002,000 after acquiring an additional 26,151 shares in the last quarter. Koch Industries Inc. bought a new position in CBL & Associates Properties during the 2nd quarter valued at $537,000. Finally, Piedmont Investment Advisors LLC bought a new position in CBL & Associates Properties during the 2nd quarter valued at $312,000. Institutional investors own 89.46% of the company’s stock.

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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