CBL & Associates Properties (CBL) : Traders are bullish on CBL & Associates Properties (CBL) as it has outperformed the S&P 500 by a wide margin of 7.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.94%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.25% in the last 1 week, and is up 7.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 5.73% and the fifty day Moving Average is 19.21%. CBL & Associates Properties Inc. is up 43.08% in the last three month period. Year-to-Date the stock performance stands at 12.82%.
CBL & Associates Properties (CBL) stock is expected to deviate a maximum of $2.93 from the average target price of $13.17 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $9.
CBL & Associates Properties (NYSE:CBL): stock turned positive on Friday. Though the stock opened at $13.21, the bulls momentum made the stock top out at $13.475 level for the day. The stock recorded a low of $13.02 and closed the trading day at $13.24, in the green by 0.84%. The total traded volume for the day was 3,699,368. The stock had closed at $13.13 in the previous days trading.
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.