CBL & Associates Properties, Inc. (NYSE:CBL) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: March 20, 2017
Boasting a price of $9.62, CBL & Associates Properties, Inc. (NYSE:CBL) traded 0.00% even on the day. With the last close down -15.58% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. CBL & Associates Properties, Inc. has recorded a 50-day average of $10.18 and a two hundred day average of $11.40. Volume of trade was down over the average, with 1,945,059 shares of CBL changing hands under the typical 2,221,850
Zacks Investment Research has upgraded CBL & Associates Properties, Inc. (NYSE:CBL) to Hold in a statement released on 3/20/2017.
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CBL & Associates Properties, Inc. has a 52 week low of $8.86 and a 52 week high of $14.30 with a P/E ratio of 12.83 The company’s market cap is currently $0.
Also covering CBL & Associates Properties, Inc.'s price target, a total of 12 analysts have issued a ratings update on CBL & Associates Properties, Inc.. The 12-month price target is $11.42 with one equity analyst rating the company a strong buy, zero analysts rating the company a buy, twelve analysts rating the company a hold, 3 firms rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On CBL & Associates Properties, Inc. (NYSE:CBL)
CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). 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. Its segments are Malls, Associated Centers, Community Centers and All Other. Its properties are located in over 30 states, and are primarily located in the southeastern and midwestern United States. It conducts its business through CBL & Associates Limited Partnership (the Operating Partnership). It owns two qualified REIT subsidiaries: CBL Holdings I, Inc. and CBL Holdings II, Inc. It owns controlling interests in over 70 Malls, 20 Associated Centers, six Community Centers and eight Office Buildings. It owns non-controlling interests in over 10 Malls, approximately four Associated Centers, over five Community Centers and over five Office Buildings.
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