Barclays reiterated their hold rating on shares of CBL & Associates Properties (NYSE:CBL) in a research note released on Thursday. They currently have a $3.00 price objective on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Mizuho set a $2.00 target price on CBL & Associates Properties and gave the stock a sell rating in a research note on Sunday, December 16th. Zacks Investment Research cut CBL & Associates Properties from a hold rating to a sell rating in a research note on Tuesday, January 29th. JPMorgan Chase & Co. cut CBL & Associates Properties from a neutral rating to an underweight rating in a research note on Wednesday, December 19th. Stifel Nicolaus restated a neutral rating on shares of CBL & Associates Properties in a research note on Monday, February 11th. Finally, Wells Fargo & Co restated a sell rating on shares of CBL & Associates Properties in a research note on Tuesday, February 12th. Seven equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. CBL & Associates Properties has an average rating of Sell and a consensus price target of $3.29.

Shares of CBL stock traded down $0.10 during trading on Thursday, hitting $1.89. The company had a trading volume of 14,201 shares, compared to its average volume of 2,584,810. The stock has a market cap of $345.19 million, a P/E ratio of 1.10, a price-to-earnings-growth ratio of -0.33 and a beta of 1.46. CBL & Associates Properties has a one year low of $1.78 and a one year high of $6.26.

CBL & Associates Properties (NYSE:CBL) last released its earnings results on Thursday, February 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. CBL & Associates Properties had a negative return on equity of 6.84% and a negative net margin of 9.33%. The firm had revenue of $216.90 million during the quarter, compared to analysts’ expectations of $216.50 million. During the same period in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. On average, equities research analysts predict that CBL & Associates Properties will post 1.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Monday, April 1st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 15.87%. The ex-dividend date of this dividend is Friday, March 29th. CBL & Associates Properties’s payout ratio is 17.34%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in CBL & Associates Properties by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 3,735,472 shares of the real estate investment trust’s stock valued at $20,807,000 after purchasing an additional 107,382 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in CBL & Associates Properties by 11.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,914,278 shares of the real estate investment trust’s stock valued at $19,899,000 after purchasing an additional 504,169 shares during the period. Wells Fargo & Company MN increased its holdings in CBL & Associates Properties by 7.2% in the third quarter. Wells Fargo & Company MN now owns 360,132 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 24,057 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in CBL & Associates Properties by 51.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 301,500 shares of the real estate investment trust’s stock valued at $1,203,000 after purchasing an additional 102,600 shares during the period. Finally, Systematic Financial Management LP increased its holdings in CBL & Associates Properties by 25.8% in the third quarter. Systematic Financial Management LP now owns 317,560 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 65,225 shares during the period. Institutional investors own 77.09% of the company’s stock.

About CBL & Associates Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 114 properties totaling 71.9 million square feet across 26 states, including 73 high-quality enclosed, outlet and open-air retail centers and 12 properties managed for third parties.

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Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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