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CBL & Associates Properties Inc. (CBL): Today's Featured Real Estate Winner

By TheStreet Wire 08/13/12 - 05:00 PM EDT

Find out if (CBL) is in Cramer's Portfolio.

CBL & Associates Properties (CBL) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.2%. By the end of trading, CBL & Associates Properties rose 24 cents (1.2%) to $20.57 on light volume. Throughout the day, 741,525 shares of CBL & Associates Properties exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in a price between $20.24-$20.57 after having opened the day at $20.33 as compared to the previous trading day's close of $20.33. Other companies within the Real Estate industry that increased today were: ZipRealty (ZIPR), up 12.5%, Power REIT (PW), up 5.7%, SYSWIN (SYSW), up 5.2%, and China Housing & Land Development (CHLN), up 5.1%.

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CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and management of properties. The fund invests in the real estate markets of United States. Its portfolio consists of enclosed malls and open-air centers. CBL & Associates Properties has a market cap of $3.02 billion and is part of the financial sector. The company has a P/E ratio of 40.5, above the average real estate industry P/E ratio of 38.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 29.2% year to date as of the close of trading on Friday. Currently there are seven analysts that rate CBL & Associates Properties a buy, two analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates CBL & Associates Properties as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.

You can view the full CBL & Associates Ratings Report.

Use our real estate section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate (IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund (REK).

Find other investment ideas from our top rated ETFs lists.

For more information on CBL & Associates Properties Inc. click any of the following:

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