GuruFocus - On September 11, 2024, Benjamin Jaenicke, Executive Vice President - Chief Financial Officer of CBL & Associates Properties Inc (NYSE:CBL), sold 3,782 shares of the company. The transaction was reported in a recent SEC Filing. Following this transaction, the insider now owns 49,423 shares of CBL & Associates Properties Inc.
CBL & Associates Properties Inc is a real estate investment trust (REIT) focused on shopping centers and malls, primarily in the Southeastern and Midwestern United States. The company owns, holds interests in, or manages 108 properties, including 76 regional malls and open-air centers.
Over the past year, Benjamin Jaenicke has sold a total of 14,137 shares of the company and has not made any purchases. The insider transaction history for CBL & Associates Properties Inc shows a total of 18 insider sells and no insider buys over the past year.
On the day of the sale, shares of CBL & Associates Properties Inc were trading at $25.42. This pricing gives the company a market cap of approximately $808.697 million. The price-earnings ratio of the stock stands at 28.24, which is above the industry median of 16.93.
According to the GF Value, the intrinsic value of CBL & Associates Properties Inc is estimated at $24.54 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.04. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors or those looking for signals about the company's stock valuation and future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.