CBL & Associates Properties Inc. (CBL) Shares Down 3.4%
CBL & Associates Properties Inc. (NYSE:CBL) shares fell 3.4% during mid-day trading on Thursday . The stock traded as low as $13.79 and last traded at $13.79, with a volume of 2,661,647 shares traded. The stock had previously closed at $14.27.
Several analysts have commented on the stock. Goldman Sachs Group Inc. reaffirmed a “hold” rating and issued a $10.50 target price on shares of CBL & Associates Properties in a research note on Thursday, June 2nd. Barclays PLC lifted their target price on shares of CBL & Associates Properties from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Mizuho lifted their target price on shares of CBL & Associates Properties from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 15th. Jefferies Group reaffirmed a “hold” rating and issued a $10.50 target price on shares of CBL & Associates Properties in a research note on Friday, July 29th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.61.
The firm’s 50-day moving average is $12.34 and its 200-day moving average is $11.35. The firm has a market cap of $2.33 billion and a price-to-earnings ratio of 31.74.
CBL & Associates Properties (NYSE:CBL) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $254.97 million for the quarter, compared to analyst estimates of $246.78 million. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts forecast that CBL & Associates Properties Inc. will post $2.38 earnings per share for the current fiscal 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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