Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/20/2013

Company Name Symbol %Change
ORBOTECH LTD ORBK
10.86%
SONIC FOUNDR SOFO
9.45%
VIPSHOP HOLD VIPS
9.20%
RENEWABLE EN REGI
8.98%
EAGLE BULK S EGLE
7.84%

CBL Forms JV with Horizon

by Zacks Equity Research

January 18, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

CBL & Associates Properties, Inc. ( CBL - Snapshot Report ) recently announced that it has entered into a 75/25 joint venture with Horizon Group Properties, Inc. to develop a property in Atlanta (Woodstock), GA. The construction of the to-be-developed property, named The Outlet Shoppes, will begin in spring 2012, and is expected to be completed by late summer 2013. As per the agreement, Horizon will be responsible for leasing and managing this project.

The Outlet Shoppes at Atlanta is a 370,000-square-foot project that will likely be a premium outlet destination for a large number of tourists and residents in the local area. Atlanta is one of the most visited cities in the United Sates and possesses one of the best outlet markets in the country and attracts more than 35 million tourists annually.

This project would enable the company to contribute to the local area economy by creating significant employment opportunities and also generating revenue.

CBL reported third quarter 2011 funds from operations (FFO) of 48 cents per share compared with 47 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and other non-cash expenses to net income.

CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, manages 159 properties, including 87 regional malls/open-air centers.

The properties are located across 26 states totaling 86.3 million square feet including 3.4 million square feet of non-owned shopping centers.The company looks forward to sustaining its success through expansions, renovations and aggressive leasing at its properties.

CBL currently retains a Zacks #2 Rank, which translates into a short-term Buy rating. We are also maintaining our long-term Neutral recommendation on the stock. One of its competitors, Simon Property Group Inc ( SPG - Analyst Report ) holds a Zacks #3 Rank, which translates into a short-term Hold rating.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.