CBL and Associates (CBL) Gets a Sell Rating from Wells Fargo
In a report released yesterday, Jeffrey Donnelly from Wells Fargo maintained a Sell rating on CBL and Associates (CBL). The company’s shares closed yesterday at $1.01, close to its 52-week low of $0.77.
According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 13.3% and a 71.6% success rate. Donnelly covers the Financial sector, focusing on stocks such as Hersha Hospitality Trust, Camden Property Trust, and American Assets Trust.
CBL and Associates has an analyst consensus of Hold, with a price target consensus of $1.67.
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Based on CBL and Associates’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $38.98 million. In comparison, last year the company had a GAAP net loss of $3.47 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.