CBL & Associates Properties (CBL) was Reiterated by Mizuho to “Neutral” while Lowering the Price Target of the company shares to $ 10.50 from a previous price target of $12 . Mizuho advised their investors in a research report released on May 26, 2016.
Many Wall Street Analysts have commented on CBL & Associates Properties. Mizuho Initiated CBL & Associates Properties on Apr 14, 2016 to “Neutral”, Price Target of the shares are set at $13.
On the company’s financial health, CBL & Associates Properties reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.54. The company had revenue of $263.10 million for the quarter, compared to analysts expectations of $262.49 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
CBL & Associates Properties closed down -0.86 points or -8.38% at $9.4 with 1,82,07,005 shares getting traded on Wednesday. Post opening the session at $9.07, the shares hit an intraday low of $8.98 and an intraday high of $9.73 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 12, 2015, Farzana K Mitchell (CFO) purchased 825 shares at $13.30 per share price. According to the SEC, on Sep 23, 2015, Matthew Dominski (director) purchased 5,000 shares at $25.22 per share price.
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.