CBL & Associates Properties (CBL) Rating Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of CBL & Associates Properties (NYSE:CBL) from a sell rating to a strong sell rating in a research report report published on Wednesday, May 1st, ValuEngine reports.

CBL has been the topic of a number of other research reports. Zacks Investment Research cut shares of CBL & Associates Properties from a hold rating to a sell rating in a report on Thursday, January 3rd. Barclays reaffirmed a hold rating and set a $3.00 price target on shares of CBL & Associates Properties in a report on Thursday, March 14th. Wells Fargo & Co reaffirmed a sell rating on shares of CBL & Associates Properties in a report on Tuesday, February 12th. Finally, Stifel Nicolaus reaffirmed a neutral rating on shares of CBL & Associates Properties in a report on Monday, February 11th. Seven analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of Sell and a consensus price target of $2.95.

NYSE:CBL opened at $1.22 on Wednesday. The stock has a market capitalization of $220.32 million, a P/E ratio of 0.71, a PEG ratio of -0.25 and a beta of 1.25. CBL & Associates Properties has a one year low of $0.99 and a one year high of $6.26. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.36 and a quick ratio of 0.51.

Institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new position in shares of CBL & Associates Properties during the 3rd quarter worth about $44,000. Paradigm Asset Management Co. LLC bought a new stake in CBL & Associates Properties in the third quarter valued at about $54,000. Coldstream Capital Management Inc. bought a new stake in CBL & Associates Properties in the fourth quarter valued at about $34,000. Evergreen Capital Management LLC bought a new stake in CBL & Associates Properties in the first quarter valued at about $30,000. Finally, Creative Planning bought a new stake in CBL & Associates Properties in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

CBL & Associates Properties Company Profile

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 115 properties totaling 71.5 million square feet across 26 states, including 72 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.

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Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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