CBL & Associates Properties (NYSE:CBL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.95 by 13 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on CBL & Associates Properties (NYSE:CBL). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs lowers the price target from $12 per share to $10.5 per share. The rating by the firm was issued on June 2, 2016.
CBL & Associates Properties (NYSE:CBL) stock has received a short term price target of $ 12.61 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.51. The higher estimate of target price is $18 , while the lower price target estimate is $9
CBL & Associates Properties (NYSE:CBL) witnessed a decline in the market cap on Tuesday as its shares dropped 0.81% or 0.08 points. After the session commenced at $9.86, the stock reached the higher end at $10.02 while it hit a low of $9.77. With the volume soaring to 1,831,631 shares, the last trade was called at $9.78. The company has a 52-week high of $17.39. The company has a market cap of $1,670 million and there are 170,794,180 shares in outstanding. The 52-week low of the share price is $8.98.
Shares of CBL & Associates Properties Inc. appreciated by 0.51% during the last five trading days but lost 4.96% on a 4-week basis. CBL & Associates Properties Inc. has dropped 15.24% during the last 3-month period . Year-to-Date the stock performance stands at -19.08%.
CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties. Its properties are located in 27 states, but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries, CBL Holdings I, Inc. and CBL Holdings II, Inc. As of December 31, 2014, the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers, and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.