Barclays Sticks to Their Hold Rating for CBL and Associates (CBL)
Barclays analyst Ross L Smotrich maintained a Hold rating on CBL and Associates (CBL) yesterday and set a price target of $3. The company’s shares opened today at $1.97, close to its 52-week low of $1.79.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.3% and a 67.7% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.
Currently, the analyst consensus on CBL and Associates is a Moderate Sell with an average price target of $2.17.
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Based on CBL and Associates’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $58.81 million. In comparison, last year the company had a net profit of $29.58 million.
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CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments.