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

Other equities analysts have also issued research reports about the company. Jefferies Group LLC restated a “buy” rating and set a $11.00 price target on shares of CBL & Associates Properties in a research note on Friday, June 16th. BidaskClub upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.39.

Shares of CBL & Associates Properties (NYSE:CBL) traded down 1.05% during mid-day trading on Wednesday, hitting $8.47. 916,524 shares of the stock were exchanged. The firm has a market cap of $1.45 billion, a P/E ratio of 14.40 and a beta of 1.18. CBL & Associates Properties has a 12 month low of $7.15 and a 12 month high of $12.35. The stock’s 50 day moving average is $8.32 and its 200 day moving average is $8.59.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in CBL & Associates Properties by 1.0% in the second quarter. Vanguard Group Inc. now owns 35,109,341 shares of the real estate investment trust’s stock valued at $295,972,000 after purchasing an additional 353,411 shares during the last quarter. BlackRock Inc. grew its stake in CBL & Associates Properties by 63.2% in the second quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock valued at $212,402,000 after purchasing an additional 9,758,738 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in CBL & Associates Properties by 12.7% in the second 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 purchasing an additional 1,665,655 shares during the last quarter. State Street Corp grew its stake in CBL & Associates Properties by 16.1% in the second quarter. State Street Corp now owns 6,874,361 shares of the real estate investment trust’s stock valued at $57,954,000 after purchasing an additional 952,473 shares during the last quarter. Finally, Northern Trust Corp grew its stake in CBL & Associates Properties by 10.2% in the second quarter. Northern Trust Corp now owns 4,354,255 shares of the real estate investment trust’s stock valued at $36,706,000 after purchasing an additional 403,257 shares during the last quarter. Institutional investors own 89.46% 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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