CBL & Associates Properties’ (NYSE:CBL) “Hold” Rating Reiterated at Boenning Scattergood

Boenning Scattergood reiterated their hold rating on shares of CBL & Associates Properties, Inc. (NYSE:CBL) in a research report report published on Monday, August 7th. Boenning Scattergood also issued estimates for CBL & Associates Properties’ Q3 2017 earnings at $0.55 EPS, Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.18 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.53 EPS and FY2018 earnings at $2.20 EPS.

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus assumed coverage on CBL & Associates Properties in a report on Friday, July 14th. They issued a hold rating and a $8.25 price objective on the stock. BidaskClub upgraded CBL & Associates Properties from a sell rating to a hold rating in a report on Wednesday, June 28th. Barclays PLC reiterated a hold rating and issued a $9.00 price objective on shares of CBL & Associates Properties in a report on Friday, June 23rd. Jefferies Group LLC restated a buy rating and set a $11.00 target price on shares of CBL & Associates Properties in a report on Friday, June 16th. Finally, ValuEngine cut CBL & Associates Properties from a buy rating to a hold rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $10.39.

CBL & Associates Properties (NYSE CBL) traded down 1.84% on Monday, reaching $8.01. The company’s stock had a trading volume of 3,643,907 shares. CBL & Associates Properties has a 52-week low of $7.15 and a 52-week high of $14.30. The firm has a market cap of $1.37 billion, a PE ratio of 13.62 and a beta of 1.17. The stock’s 50 day moving average price is $8.62 and its 200 day moving average price is $9.02.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by BNB Daily and is the property of of BNB Daily. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/cbl-associates-properties-inc-nysecbl-stock-rating-reaffirmed-by-boenning-scattergood-updated.html.

Several institutional investors have recently bought and sold shares of CBL. The Manufacturers Life Insurance Company increased its position in CBL & Associates Properties by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 130,548 shares of the real estate investment trust’s stock valued at $1,101,000 after buying an additional 404 shares during the period. Virginia Retirement Systems ET AL increased its position in CBL & Associates Properties by 1.7% in the second quarter. Virginia Retirement Systems ET AL now owns 35,800 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 600 shares during the period. Utah Retirement Systems increased its position in CBL & Associates Properties by 3.1% in the second quarter. Utah Retirement Systems now owns 29,838 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in CBL & Associates Properties by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 188,515 shares of the real estate investment trust’s stock valued at $1,798,000 after buying an additional 978 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

CBL & Associates Properties Company Profile

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)

Receive News & Ratings for CBL & Associates Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBL & Associates Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply