Morgan Stanley Maintained CBL \u0026 Associates (CBL) As “Underweight”; Has Price Objective Of $3.75; Paramount Group (PGRE) SI Decreased By 0.3%

June 16, 2018 - By Winifred Garcia

CBL & Associates Properties, Inc (NYSE:CBL) Logo

Paramount Group Inc (NYSE:PGRE) had a decrease of 0.3% in short interest. PGRE’s SI was 4.86 million shares in June as released by FINRA. Its down 0.3% from 4.87 million shares previously. With 1.04 million avg volume, 5 days are for Paramount Group Inc (NYSE:PGRE)’s short sellers to cover PGRE’s short positions. The SI to Paramount Group Inc’s float is 2.54%. The stock decreased 0.07% or $0.01 during the last trading session, reaching $15.08. About 1.40M shares traded or 4.34% up from the average. Paramount Group, Inc. (NYSE:PGRE) has declined 4.99% since June 16, 2017 and is downtrending. It has underperformed by 17.56% the S&P500. Some Historical PGRE News: ; 22/04/2018 – DJ Paramount Group Inc, Inst Holders, 1Q 2018 (PGRE); 02/05/2018 – Paramount Group 1Q EPS 0c; 02/05/2018 – PARAMOUNT GROUP 1Q CORE FFO/SHR 23C, EST. 23C; 02/05/2018 – Paramount Group 1Q Core FFO $55.0 million, or $0.23 per Shar; 15/03/2018 – PARAMOUNT BOOSTS REGULAR QTRLY DIV BY 5.3%; 15/03/2018 – PARAMOUNT BOOSTS QTR DIV TO 10C/SHR FROM 9.5C, EST. 9.5C; 21/05/2018 – PARAMOUNT GROUP INC PGRE.N : BOFA MERRILL RAISES PRICE OBJECTIVE TO $16 FROM $15.50; 07/05/2018 – PARAMOUNT GROUP INC PGRE.N : MIZUHO RAISES TO NEUTRAL FROM UNDERPERFORM; 15/03/2018 – Paramount Increases Regular Quarterly Dividend By 5.3%; 15/03/2018 – Paramount Group Raises Dividend to 10c

In a research report issued on today, Morgan Stanley maintained their “Underweight” rating on CBL \u0026 Associates (NYSE:CBL)‘s stock. The target price would indicate a potential downside of -30.04% from company’s last close price.

Paramount Group, Inc. is a real estate firm that invests in Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. The company has market cap of $4.01 billion.

Another recent and important Paramount Group, Inc. (NYSE:PGRE) news was published by Businesswire.com which published an article titled: “Paramount Appoints David Zobel as Executive Vice President, Head of Acquisitions” on June 08, 2018.

Among 10 analysts covering Paramount Group (NYSE:PGRE), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Paramount Group had 22 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Paramount Group, Inc. (NYSE:PGRE) earned “Neutral” rating by Bank of America on Tuesday, March 29. Deutsche Bank maintained Paramount Group, Inc. (NYSE:PGRE) on Monday, July 18 with “Buy” rating. Cowen & Co initiated the stock with “Market Perform” rating in Monday, March 28 report. The stock has “Hold” rating by Mizuho on Monday, May 7. As per Wednesday, March 2, the company rating was upgraded by Capital One. As per Thursday, February 25, the company rating was maintained by Mizuho. The company was upgraded on Monday, August 10 by Evercore. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, December 13 report. The stock of Paramount Group, Inc. (NYSE:PGRE) has “Underweight” rating given on Tuesday, June 13 by Morgan Stanley. As per Thursday, August 25, the company rating was initiated by BTIG Research.

More recent CBL & Associates Properties, Inc (NYSE:CBL) news were published by: Seekingalpha.com which released: “Why I Did Not Sell My CBL Units When Sears Closed Some Stores” on June 11, 2018. Also Seekingalpha.com published the news titled: “CBL & Associates Properties: Yikes – I Am Buying What The Good Analysts Are Selling” on June 08, 2018. Seekingalpha.com‘s news article titled: “CBL sees retailer bankruptcies lessening from last year” with publication date: June 06, 2018 was also an interesting one.

The stock decreased 0.92% or $0.05 during the last trading session, reaching $5.36. About 4.40 million shares traded or 10.64% up from the average. CBL & Associates Properties, Inc (NYSE:CBL) has declined 40.15% since June 16, 2017 and is downtrending. It has underperformed by 52.72% the S&P500. Some Historical CBL News: 23/03/2018 – CBL Properties Year-to-Date Sales off to Strong Start and Exceed National Average; 14/03/2018 Glancy Prongay & Murray LLP Commences Investigation on Behalf of CBL & Associates Properties, Inc. Investors (CBL); 26/04/2018 – CBL & ASSOCIATES PROPERTIES INC – MAINTAINING 2018 FFO, AS ADJUSTED, GUIDANCE; 26/04/2018 – CBL & ASSOCIATES PROPERTIES INC CBL.N SEES FY 2018 ADJUSTED FFO SHR $1.70 TO $1.80; 30/04/2018 – CBL Properties Closes 10-Year Fixed Rate Non-Recourse Loan Secured by CoolSprings Galleria in Nashville, TN; 01/05/2018 – S&PGR Revises CBL & Associates Outook To Negative; 21/05/2018 – Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek, Comtech Telecomm; 26/04/2018 – CBL & Associates 1Q FFO 42c/Shr; 26/04/2018 – CBL & Associates 1Q Loss $10.3M; 03/04/2018 – CBL Properties Announces First Phase Redevelopment Plans at Brookfield Square in Milwaukee, Wisconsin

Among 17 analysts covering CBL & Associates Properties (NYSE:CBL), 0 have Buy rating, 8 Sell and 9 Hold. Therefore 0 are positive. CBL & Associates Properties has $17.5 highest and $3.75 lowest target. $6.71’s average target is 25.19% above currents $5.36 stock price. CBL & Associates Properties had 49 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Hilliard Lyons given on Friday, November 3. The firm has “Neutral” rating given on Friday, February 5 by UBS. Citigroup upgraded the stock to “Neutral” rating in Monday, January 30 report. On Friday, February 16 the stock rating was maintained by Mizuho with “Sell”. The stock has “Sell” rating by Citigroup on Tuesday, December 13. Jefferies maintained CBL & Associates Properties, Inc (NYSE:CBL) on Monday, September 25 with “Buy” rating. On Thursday, December 14 the stock rating was maintained by Morgan Stanley with “Underweight”. The stock of CBL & Associates Properties, Inc (NYSE:CBL) earned “Sell” rating by Wells Fargo on Friday, November 3. The firm earned “Hold” rating on Friday, July 14 by Stifel Nicolaus. JP Morgan maintained the shares of CBL in report on Tuesday, February 9 with “Neutral” rating.

CBL & Associates Properties, Inc. is a public real estate investment trust. The company has market cap of $1.07 billion. The firm invests in the real estate markets of United States with a focus on Southeastern and Midwestern United States. It has a 12.18 P/E ratio. It owns, develops, acquires leases, manages, and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.

Analysts await CBL & Associates Properties, Inc (NYSE:CBL) to report earnings on August, 2. They expect $0.42 EPS, down 16.00% or $0.08 from last year’s $0.5 per share. CBL’s profit will be $84.00M for 3.19 P/E if the $0.42 EPS becomes a reality. After $0.42 actual EPS reported by CBL & Associates Properties, Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

CBL & Associates Properties, Inc (NYSE:CBL) Institutional Positions Chart

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