CBL & Associates Properties Inc. (NYSE:CBL) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.50.

Several research firms recently weighed in on CBL. TheStreet lowered shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. Jefferies Group reissued a “buy” rating on shares of CBL & Associates Properties in a research note on Tuesday, September 13th. Barclays PLC raised their target price on shares of CBL & Associates Properties from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 30th. BTIG Research started coverage on shares of CBL & Associates Properties in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Mizuho raised their target price on shares of CBL & Associates Properties from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, August 15th.

Shares of CBL & Associates Properties (NYSE:CBL) opened at 11.98 on Tuesday. The company has a market capitalization of $2.05 billion, a P/E ratio of 57.05 and a beta of 1.30. The company’s 50 day moving average is $11.49 and its 200 day moving average is $11.43. CBL & Associates Properties has a 12-month low of $8.86 and a 12-month high of $14.30.

CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. CBL & Associates Properties had a net margin of 7.81% and a return on equity of 4.18%. The business had revenue of $251.72 million for the quarter, compared to analyst estimates of $252.31 million. During the same quarter last year, the firm earned $0.56 EPS. CBL & Associates Properties’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts expect that CBL & Associates Properties will post $2.38 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of CBL. BlackRock Japan Co. Ltd increased its stake in CBL & Associates Properties by 3.5% in the third quarter. BlackRock Japan Co. Ltd now owns 8,269 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 279 shares during the period. Springbok Capital Management LLC boosted its position in CBL & Associates Properties by 8.7% in the first quarter. Springbok Capital Management LLC now owns 10,410 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 830 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CBL & Associates Properties by 6.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,718 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 669 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in CBL & Associates Properties during the second quarter valued at $104,000. Finally, Boothbay Fund Management LLC purchased a new position in CBL & Associates Properties during the first quarter valued at $135,000. Institutional investors own 89.87% of the company’s stock.

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About CBL & Associates Properties

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). 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.

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