CBL & Associates Properties, Inc. (CBL) Stock Rating Lowered by Hilliard Lyons

Hilliard Lyons cut shares of CBL & Associates Properties, Inc. (NYSE:CBL) to a buy rating in a research report sent to investors on Thursday, May 4th. They currently have $17.50 price objective on the real estate investment trust’s stock, down from their prior price objective of $19.00.

Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of CBL & Associates Properties from a d+ rating to a c rating in a report on Wednesday, February 1st. Barclays PLC dropped their target price on shares of CBL & Associates Properties from $13.00 to $10.00 and set an equal weight rating on the stock in a report on Monday, January 23rd. Zacks Investment Research raised shares of CBL & Associates Properties from a sell rating to a hold rating in a research note on Tuesday, April 18th. Finally, Citigroup Inc raised shares of CBL & Associates Properties from a sell rating to a neutral rating in a research note on Monday, January 30th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $13.43.

CBL & Associates Properties (NYSE:CBL) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.01. The firm had revenue of $238.01 million during the quarter, compared to analyst estimates of $244.76 million. CBL & Associates Properties had a net margin of 16.81% and a return on equity of 10.25%. During the same quarter in the previous year, the firm earned $0.56 EPS.

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Large investors have recently modified their holdings of the company. BlackRock Japan Co. Ltd increased its stake in shares of CBL & Associates Properties by 3.5% in the third quarter. BlackRock Japan Co. Ltd now owns 8,269 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 279 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,525 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CBL & Associates Properties by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,881 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,163 shares during the last quarter. Eqis Capital Management Inc. boosted its position in CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,843 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,000 shares during the last quarter. 94.92% of the stock is owned by institutional investors and hedge funds.

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.

12 Month Chart for NYSE:CBL

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