Zacks Investment Research cut shares of CBL & Associates Properties (NYSE:CBL) from a hold rating to a sell rating in a research note released on Thursday, Zacks.com reports.

According to Zacks, “CBL & Associates Properties, Inc. is a fully integrated real estate investment trust which owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, community centers and office properties. The Company conducts substantially all of its business through its operating partnership. It owns two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc. CBL & Associates Properties is headquartered in Chattanooga, Tennessee. “

Separately, ValuEngine upgraded CBL & Associates Properties from a hold rating to a buy rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $1.61.

CBL opened at $1.14 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 4.57. The company’s fifty day moving average price is $1.45 and its two-hundred day moving average price is $1.15. CBL & Associates Properties has a 1-year low of $0.77 and a 1-year high of $2.62. The company has a market cap of $197.79 million, a price-to-earnings ratio of 0.80, a PEG ratio of -0.29 and a beta of 1.61.

CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.19). The business had revenue of $187.25 million for the quarter, compared to analyst estimates of $191.77 million. CBL & Associates Properties had a negative net margin of 19.09% and a negative return on equity of 14.39%. As a group, equities analysts forecast that CBL & Associates Properties will post 1.33 earnings per share for the current fiscal year.

In related news, Director Michael L. Ashner purchased 1,000,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average cost of $1.04 per share, with a total value of $1,040,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 12.31% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in shares of CBL & Associates Properties by 151.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 26,636 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 16,052 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of CBL & Associates Properties in the 3rd quarter worth approximately $35,000. Meeder Asset Management Inc. grew its holdings in shares of CBL & Associates Properties by 1,195.4% in the third quarter. Meeder Asset Management Inc. now owns 41,193 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 38,013 shares in the last quarter. Trust Co. of Toledo NA OH grew its holdings in shares of CBL & Associates Properties by 24.6% in the third quarter. Trust Co. of Toledo NA OH now owns 52,377 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 10,352 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of CBL & Associates Properties during the second quarter valued at approximately $112,000. Hedge funds and other institutional investors own 66.66% 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 114 properties totaling 71.1 million square feet across 26 states, including 71 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.

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