CBL & Associates Properties Inc. (NYSE:CBL) dropped 3.4% during mid-day trading on Thursday . The company traded as low as $13.79 and last traded at $13.79, with a volume of 2,661,647 shares trading hands. The stock had previously closed at $14.27.

CBL has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Thursday, May 5th. Zacks Investment Research raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday, May 5th. Mizuho cut their price objective 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. downgraded shares of CBL & Associates Properties from a “buy” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $10.50 in a research report on Wednesday, June 1st. Finally, Citigroup Inc. cut their price objective 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 analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.61.

The company has a 50 day moving average of $12.18 and a 200 day moving average of $11.31. The company has a market cap of $2.32 billion and a price-to-earnings ratio of 31.63.

CBL & Associates Properties (NYSE:CBL) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The company earned $254.97 million during the quarter, compared to analysts’ expectations of $246.78 million. During the same period in the prior year, the business posted $0.54 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that CBL & Associates Properties Inc. will post $2.38 earnings per share 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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