KeyBanc Downgrades CBL & Associates Properties to Sector Weight

Brokerage firm KeyBanc Downgrades its rating on CBL & Associates Properties(CBL). The shares have been rated Sector Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at KeyBanc was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 30, 2017, Citigroup said it Upgrades its rating on CBL & Associates Properties. The shares have been rated ‘Neutral’ by the firm.

CBL & Associates Properties (CBL) made into the market gainers list on Fridays trading session with the shares advancing 3.39% or 0.31 points. Due to strong positive momentum, the stock ended at $9.45, which is also near the day’s high of $9.57. The stock began the session at $9.12 and the volume stood at 41,81,795 shares. The 52-week high of the shares is $14.3 and the 52 week low is $8.72. The company has a current market capitalization of $1,617 M and it has 17,10,93,420 shares in outstanding.

CBL & Associates Properties(CBL) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $258.493M. Analysts had an estimated revenue of $258.980M. Earnings per share were $0.68.

Several Insider Transactions has been reported to the SEC. On Nov 12, 2015, Farzana K Mitchell (CFO) purchased 825 shares at $13.30 per share price.Also, 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.

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