CBL & Associates Properties, Inc. (NYSE:CBL)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a report issued on Friday. They currently have a $7.50 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 26.69% from the stock’s previous close.

CBL has been the topic of several other research reports. Bank of America Corporation downgraded CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 price objective on the stock. in a research report on Friday. Mizuho reaffirmed a “hold” rating and issued a $9.00 price objective on shares of CBL & Associates Properties in a research report on Monday, October 9th. KeyCorp reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday, October 4th. ValuEngine raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Wells Fargo & Company downgraded CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. CBL & Associates Properties currently has an average rating of “Hold” and a consensus target price of $9.72.

Shares of CBL & Associates Properties (CBL) traded down $2.07 during trading on Friday, reaching $5.92. The company’s stock had a trading volume of 33,836,772 shares, compared to its average volume of 2,561,377. The company has a market cap of $1,012.89, a P/E ratio of 2.69, a P/E/G ratio of 0.94 and a beta of 1.22. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.27.

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Several hedge funds and other institutional investors have recently modified their holdings of CBL. Prudential Financial Inc. lifted its stake in shares of CBL & Associates Properties by 186.6% during the 1st quarter. Prudential Financial Inc. now owns 148,413 shares of the real estate investment trust’s stock worth $1,416,000 after purchasing an additional 96,621 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of CBL & Associates Properties by 105.8% during the 1st quarter. Wellington Management Group LLP now owns 649,916 shares of the real estate investment trust’s stock worth $6,201,000 after purchasing an additional 334,096 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of CBL & Associates Properties by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 349,745 shares of the real estate investment trust’s stock worth $3,337,000 after purchasing an additional 9,217 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CBL & Associates Properties by 21.7% during the 1st quarter. Geode Capital Management LLC now owns 2,541,636 shares of the real estate investment trust’s stock worth $24,246,000 after purchasing an additional 452,803 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CBL & Associates Properties by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,397,174 shares of the real estate investment trust’s stock worth $22,868,000 after purchasing an additional 86,122 shares during the last quarter. Hedge funds and other 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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