Mizuho Reiterates Hold Rating for CBL & Associates Properties, Inc. (CBL)

CBL & Associates Properties, Inc. (NYSE:CBL)‘s stock had its “hold” rating reissued by equities researchers at Mizuho in a research report issued to clients and investors on Monday. They currently have a $9.00 price target on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 6.13% from the company’s previous close.

CBL has been the subject of a number of other research reports. BidaskClub upgraded shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus assumed coverage on shares of CBL & Associates Properties in a research note on Friday, July 14th. They set a “hold” rating and a $8.25 target price for the company. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reiterated a “buy” rating and set a $11.00 target price on shares of CBL & Associates Properties in a research note on Friday, June 16th. Finally, KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.22.

Shares of CBL & Associates Properties (CBL) opened at 8.48 on Monday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 14.42 and a beta of 1.18. The stock’s 50 day moving average price is $8.35 and its 200 day moving average price is $8.56. CBL & Associates Properties has a one year low of $7.15 and a one year high of $12.35.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in CBL & Associates Properties by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 130,548 shares of the real estate investment trust’s stock valued at $1,101,000 after acquiring an additional 404 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in CBL & Associates Properties by 1.7% in the second quarter. Virginia Retirement Systems ET AL now owns 35,800 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 600 shares in the last quarter. Utah Retirement Systems boosted its stake in CBL & Associates Properties by 3.1% in the second quarter. Utah Retirement Systems now owns 29,838 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,027 shares in the last quarter. Fin

CBL has been the subject of a number of other research reports. BidaskClub upgraded shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus assumed coverage on shares of CBL & Associates Properties in a research note on Friday, July 14th. They set a “hold” rating and a $8.25 target price for the company. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reiterated a “buy” rating and set a $11.00 target price on shares of CBL & Associates Properties in a research note on Friday, June 16th. Finally, KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.22.

Shares of CBL & Associates Properties (CBL) opened at 8.48 on Monday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 14.42 and a beta of 1.18. The stock’s 50 day moving average price is $8.35 and its 200 day moving average price is $8.56. CBL & Associates Properties has a one year low of $7.15 and a one year high of $12.35.

COPYRIGHT VIOLATION WARNING: This story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/mizuho-reiterates-hold-rating-for-cbl-associates-properties-inc-cbl.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in CBL & Associates Properties by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 130,548 shares of the real estate investment trust’s stock valued at $1,101,000 after acquiring an additional 404 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in CBL & Associates Properties by 1.7% in the second quarter. Virginia Retirement Systems ET AL now owns 35,800 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 600 shares in the last quarter. Utah Retirement Systems boosted its stake in CBL & Associates Properties by 3.1% in the second quarter. Utah Retirement Systems now owns 29,838 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its stake in CBL & Associates Properties by 4.4% in the second quarter. Mirador Capital Partners LP now owns 28,289 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 1,188 shares in the last quarter. Institutional investors own 89.46% of the company’s stock.

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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