CBL & Associates Properties Inc. (NYSE:CBL) saw unusually-strong trading volume on Monday . Approximately 2,778,655 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 2,513,709 shares.The stock last traded at $13.99 and had previously closed at $13.24.

Several equities analysts have commented on CBL shares. Zacks Investment Research cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Thursday, May 5th. Mizuho decreased their price target on shares of CBL & Associates Properties from $12.00 to $10.50 and set a “neutral” rating for the company in a research report on Thursday, May 26th. Goldman Sachs Group Inc. cut shares of CBL & Associates Properties from a “buy” rating to a “neutral” rating and decreased their price target for the company from $12.00 to $10.50 in a research report on Wednesday, June 1st. Finally, Citigroup Inc. decreased their price target on shares of CBL & Associates Properties from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. CBL & Associates Properties presently has an average rating of “Hold” and a consensus price target of $13.56.

The company has a market capitalization of $2.40 billion and a PE ratio of 32.72. The firm’s 50 day moving average price is $11.97 and its 200 day moving average price is $11.26.

CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. During the same period last year, the company posted $0.54 EPS. The company had revenue of $254.97 million for the quarter, compared to analyst estimates of $246.78 million. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts predict that CBL & Associates Properties Inc. will post $2.38 EPS for the current year.

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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