CBL & Associates Properties (CBL): Price Target and June Short Interest Disclosure

CBL & Associates Properties (CBL) : The highest short term price target forecast on CBL & Associates Properties (CBL) is $18 and the lowest target price is $9. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $12.44 with a standard deviation of $3.57.

CBL & Associates Properties (CBL), According to the latest information the short interest in CBL & Aaaociates Properties In shot up by 40.6% or 3,671,121 shares. The final shorts are 7.6% of the total floated shares. The positions increased from 9,039,374 shares on June 15,2016 to 12,710,495 on June 30,2016. According to the per-day average trading of 3,676,334 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Citigroup maintains the rating on CBL & Associates Properties (NYSE:CBL). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $12 per share to $11 per share. The rating by the firm was issued on July 7, 2016.


CBL & Associates Properties (NYSE:CBL): On Thursdays trading session , Opening price of the stock was $10.73 with an intraday high of $10.92. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.685. However, the stock managed to close at $10.74, a loss of 0.28% for the day. On the previous day, the stock had closed at $10.77. The total traded volume of the day was 1,862,614 shares.

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.

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