Mizuho Reiterates “$5.00” Price Target for CBL & Associates Properties (CBL)

Mizuho set a $5.00 price objective on CBL & Associates Properties (NYSE:CBL) in a research report released on Friday, February 16th. The brokerage currently has a sell rating on the real estate investment trust’s stock.

Several other research firms have also commented on CBL. Wells Fargo & Co lowered CBL & Associates Properties from a market perform rating to an underperform rating in a report on Friday, November 3rd. Bank of America lowered CBL & Associates Properties from a neutral rating to an underperform rating and set a $6.50 target price on the stock. in a report on Friday, November 3rd. Boenning Scattergood lowered CBL & Associates Properties from a neutral rating to an under perform rating in a report on Friday, November 3rd. Hilliard Lyons downgraded CBL & Associates Properties from a long-term buy rating to a neutral rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reiterated a hold rating and set a $7.50 price target on shares of CBL & Associates Properties in a research report on Friday, November 3rd. Nine equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. CBL & Associates Properties currently has an average rating of Sell and a consensus price target of $6.86.

Shares of CBL & Associates Properties (NYSE CBL) traded down $0.35 during mid-day trading on Friday, hitting $4.37. The stock had a trading volume of 6,758,274 shares, compared to its average volume of 3,980,000. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $747.71, a price-to-earnings ratio of 9.50, a PEG ratio of -0.89 and a beta of 1.17. CBL & Associates Properties has a fifty-two week low of $4.00 and a fifty-two week high of $10.11.

CBL & Associates Properties (NYSE:CBL) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.15 by $0.41. The firm had revenue of $235.30 million for the quarter, compared to analyst estimates of $246.46 million. CBL & Associates Properties had a return on equity of 8.14% and a net margin of 13.04%. CBL & Associates Properties’s revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. equities analysts expect that CBL & Associates Properties will post 1.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Friday, March 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.80 dividend on an annualized basis and a yield of 18.31%. CBL & Associates Properties’s dividend payout ratio is currently 173.91%.

Hedge funds have recently modified their holdings of the business. RMR Advisors LLC boosted its position in CBL & Associates Properties by 74.6% during the fourth quarter. RMR Advisors LLC now owns 233,963 shares of the real estate investment trust’s stock worth $1,324,000 after purchasing an additional 99,963 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of CBL & Associates Properties in the second quarter valued at approximately $312,000. D.A. Davidson & CO. lifted its position in shares of CBL & Associates Properties by 38.4% in the third quarter. D.A. Davidson & CO. now owns 227,195 shares of the real estate investment trust’s stock valued at $1,906,000 after acquiring an additional 63,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of CBL & Associates Properties by 21.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 170,824 shares of the real estate investment trust’s stock valued at $1,433,000 after acquiring an additional 29,864 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of CBL & Associates Properties by 49.0% in the third quarter. JPMorgan Chase & Co. now owns 1,922,137 shares of the real estate investment trust’s stock valued at $16,875,000 after acquiring an additional 631,703 shares in the last quarter. Institutional investors own 79.96% of the company’s stock.

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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)

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