CBL Stock Summary and Trading Ideas (CBL & Associates Properties | NYSE:CBL)

CBL & Associates Properties Inc is a U.S.-based real estate investment trust. The company engages in the ownership, development, acquisition, leasing, management and operation of regional shopping malls, outlet centers, lifestyle centers, open-air centers and other properties. CBL's sales predominantly derive from leasing arrangements with retail tenants. The company also generates revenue from management and development fees, as well as sales of its real estate assets. CBL expands its portfolio of assets through activities such as redevelopment, renovation, and expansion.

CBL & Associates Properties trades on the NYSE stock market under the symbol CBL.

As of May 8, 2024, CBL stock price climbed to $21.94 with 50,298 million shares trading.

CBL has a beta of 0.83, meaning it tends to be less sensitive to market movements. CBL has a correlation of 0.26 to the broad based SPY ETF.

CBL has a market cap of $701.21 million. This is considered a Small Cap stock.

The top ETF exchange traded funds that CBL belongs to (by Net Assets): VTI, IWM, DIV, VNQ, VXF.

CBL has underperformed the market in the last year with a price return of +1.7% while the SPY ETF gained +27.0%. CBL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.8% and 0.0%, respectively, while the SPY returned +4.2% and +2.3%, respectively.

CBL support price is $21.33 and resistance is $21.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBL stock will trade within this expected range on the day.