CBL & Associates Stock (NYSE:CBL), Trade Ideas

CBL & Associates

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.

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As of Nov. 24, 2023, five stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Real Estate Stocks That May Crash This Month

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Today CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) announced it has executed multiple deals with global lifestyle retailer MINISO, expanding the brand's presence to a dozen new markets in the United States. The first wave of store openings started in November 2023 at Valley View Mall in Roanoke, Virginia, and Hanes Mall in Winston-Salem, North Carolina, followed by the January 2024 opening at Coastal Grand Mall in Myrtle Beach, South Carolina. Throughout the rest of 2024, stores will open at CoolSprings Galleria (Nashville, TN), Hamilton Place (Chattanooga, TN), West County Center and South County Center (St. Louis, MO), Parkway Place (Huntsville, AL), Post Oak Mall (Waco, TX), Fayette Mall (Lexington, KY), Westmoreland Mall (Greensburg, PA), Oak Park Mall (Overland Park, KS), and Kirkwood Mall (Bismarck, ND).
"We are thrilled to work with MINISO to add to their U.S. store fleet at CBL properties across the south, east coast, and Midwest," said Stephen Lebovitz, chief executive officer, CBL Properties. "MINISO is an innovative retailer catering to a generation of customers who over the last few years have shown a preference for shopping at malls. These stores are becoming a destination for visitors to our properties and complement the dynamic mix of retailers, restaurants, and entertainment they already offer."
In addition to MINISO, CBL is working with several brands that are working to expand their mall-based presence including Five Below, Aerie, Garage, and many others.

CBL Properties And MINISO Partner To Expand Its U.S. Presence To 13 CBL Malls

Making a noteworthy insider sell on February 29, Stephen D Lebovitz, CEO at CBL &amp; Associates (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>), is reported in the latest SEC filing.
What Happened: Lebovitz's decision to sell 45,077 shares of CBL &amp; Associates was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000910612/000112760224007514//Archives/edgar/data/910612/000112760224007514/0001127602-24-007514-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $1,061,200.
The latest update on Thursday morning shows CBL &amp; Associates shares down by 0.0%, trading at $23.47.
<h3>All You Need to Know About CBL &amp; Associates</h3>
CBL &amp; 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.
<h3>Financial Insights: CBL &amp; Associates</h3>
Positive Revenue Trend: Examining CBL &amp; Associates's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.01% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Exploring Profitability:
<ul>
<li>
Gross Margin: With a high gross margin of 84.07%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): CBL &amp; Associates's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.37.
</li>
</ul>
Debt Management: CBL &amp; Associates's debt-to-equity ratio stands notably higher than the industry average, reaching 5.8. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 138.06 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 1.37 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.59, CBL &amp; Associates could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Pay Attention to Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000910612">Check Out The Full List Of CBL &amp; Associates's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Massive Insider Trade At CBL & Associates

Investors are always happy to hear that a stock in their portfolio has announced a dividend increase. For income investors, it means a monthly or quarterly raise. For investors who are more concerned with growth, such dividend hikes also portend an increase in future earnings as well.&nbsp;
A dividend increase usually indicates that the board of directors has faith that future earnings can cover the dividend hike comfortably. In addition, a dividend increase often makes the stock more attractive to investors. Share price appreciation often follows dividend increases.
Take a look at three real estate investment trusts (REITs) that have just announced dividend hikes this week. Two of the three have upcoming earnings reports.
Weyerhaeuser Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) is a Seattle-based specialty REIT that owns and operates 11 million acres of timberland, manages 14 million acres of additional timberlands in Canada and manufactures wood products for homebuilding. It was formed in 1990.
On Feb. 9, Weyerhaeuser announced a 5.3% increase in its quarterly dividend from $0.19 to $0.20 per share. The dividend is payable March 22 for shareholders of record on March 8, and the ex-dividend date is March 7.
In addition to this latest announcement, on Jan. 25, Weyerhaeuser also declared a supplemental dividend of $0.14 per share, payable Feb. 27 to shareholders of record at the close of business on Feb. 16. So investors can get a double payout.
The dividend increases came after Weyerhaeuser reported its fourth-quarter operating results on Jan. 25. Non-generally accepted accounting principles (GAAP) earnings per share (EPS) of $0.16 per share beat the estimates of $0.14 per share but were well below fourth-quarter 2022 EPS of $0.24 per share. Revenue of $1.77 billion also missed the estimates by $30 million.
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<li>Collecting passive income from real estate just got a whole lot simpler. A new<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> real estate fund backed by Jeff Bezos</a> gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.</li>
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Community Healthcare Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHCT#NYSE">CHCT</a>) is a Franklin, Tennessee-based self-managed healthcare REIT that owns 191 properties across 34 states. Its diverse portfolio includes medical office buildings, specialty centers, behavioral facilities and inpatient rehabilitation centers.
On Feb. 9, Community Healthcare announced a small increase in its quarterly dividend from $0.455 to $0.4575 per share. The dividend is payable on March 1 for shareholders of record on Feb. 20, with an ex-dividend date of February 16. With this latest increase, Community Healthcare has now had 34 consecutive quarters of dividend growth.
The forward annual dividend of $1.83 now yields 7.2%. However, the payout ratio is 89.7%, which is high. Investors will be looking at Community Healthcare's next earnings report, due out on Feb. 13, to see whether this dividend hike is a portend for an increase in funds from operations (FFO).
On Jan. 16, Truist Securities analyst Michael Lewis maintained a Buy rating on Community Healthcare, while lowering the price target from $36 to $35.
CBL &amp; Associates Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) is a Chattanooga, Tennessee-based REIT that invests in shopping malls in the Southeastern and Midwestern U.S. CBL has 94 properties, including mall, outlet and lifestyle centers and open-air centers.
On Feb. 8, CBL Properties announced a 6.7% increase in its quarterly dividend from $0.375 to $0.40 per share. The dividend is payable on March 29 for shareholders of record on March 15. The ex-dividend date is March 14.
The forward annual dividend of $1.60 yields 6.8% on its recent closing price of $23.36. The payout ratio is now 25.5%.
Shopping malls have been thriving recently. Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) is another mall REIT that recently reported excellent earnings and raised its dividend.
CBL Properties declared a Chapter 11 bankruptcy in November 2020 and emerged a year later with a $1.7 billion debt reduction. It's had its share of financial difficulties and a high debt load, but may be turning the corner. It has now raised the dividend 60% from $0.25 in November 2022 to the new $0.40 dividend.
CBL's next earnings report is scheduled for Feb. 20. Shares have pulled back to oversold levels since reaching $25.28 intraday on Jan. 12, so a good report would likely give the share price a substantial boost.
Weekly REIT Report: REITs are one of the most misunderstood investment options, making it difficult for investors to spot incredible opportunities until it's too late. Benzinga's in-house real estate research team has been working hard to identify the greatest opportunities in today's market, which you can gain access to for free by signing up for the <a href="https://www.benzinga.com/money/reit-newsletter">Weekly REIT Report.</a>
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Elon Musk has reportedly bought 6,000 acres of land just outside of Austin.<a href="https://www.benzinga.com/real-estate/23/05/32537165/elon-musk-is-bullish-on-austin-heres-how-to-invest-in-the-citys-growth-before-he-floods-it-with-new"> Here&#8217;s how to invest in the city&#8217;s growth</a> before he floods it with new tech workers.</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/3-high-yield-investments-boost-income">Here are 3 high-yield investments to add significant income to your portfolio</a>.</li>
</ul>

Dividends

CBL Properties Announced 6.7% Increase In Quarterly Dividend From $0.3750 To $0.40 Per Share

Real estate investment trusts (REITs) offer a smart way to invest in <a href="https://www.benzinga.com/alternative-investments/real-estate?investorType=All&amp;minimumInvestment%5B%5D=0,250000&amp;sortBy=Recommended">real estate</a> because they remove the usual hurdles of buying and managing physical properties. 
Let's now focus on three different types of REITs that are not just stable but also profitable, with dividend yields of more than 6%. This positions them as an attractive choice for investors seeking to balance their portfolios with real estate while enjoying regular income streams. It&#8217;s a blend of practicality and potential that makes these REITs worth considering.
Alexander&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) stands out in the urban retail real estate sector, with a dividend yield of 8.3%. Their portfolio is predominantly centered around high-end, urban retail properties, with their crown jewel being the 731 Lexington Avenue property in New York City. This focus on premium locations in dense urban settings, such as NYC, aligns with high-value retail and commercial tenants seeking prestigious addresses. Their real estate strategy revolves around owning and managing properties that command higher rent due to their location and tenant profile, contributing to their significant dividend yield. The urban retail focus, especially in upscale markets, presents both opportunities and risks related to urban economic cycles. Their association with Vornado Realty Trust, providing financial and operational synergies, further strengthens their position in the upscale urban real estate market. Alexander&#8217;s Inc. has a strong portfolio of tenants, particularly in its high-end, urban retail properties. Some of their major tenants include well-known companies like Bloomberg, The Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Costco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HD#NASDAQ">HD</a>).
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</ul>
Getty Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTY#NYSE">GTY</a>), with a dividend yield of 6%, is a specialized real estate investment trust focusing on gasoline stations and convenience stores. Their properties are strategically situated in high-traffic areas and prominent metropolitan markets, vital for businesses that rely on high customer footfall. The company&#8217;s leasing strategy, predominantly based on long-term, triple-net leases, translates into stable and predictable income streams while minimizing management and maintenance responsibilities. Their niche specialization in gas stations and convenience stores means they cater to a sector with unique real estate needs, including smaller footprints, accessibility, and visibility. This specialization allows Getty Realty to build and maintain a diverse and resilient tenant base, contributing to its steady dividend yield.
CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) offers a dividend yield of 6% and specializes in retail real estate, primarily focusing on shopping malls and centers. Their properties are predominantly located in the Southeast and Midwest regions of the U.S. CBL&#8217;s strategic approach involves managing large-scale, market-dominant shopping centers that often serve as primary retail hubs in their areas. These properties typically feature a mix of national anchor stores and local retailers, creating a diversified tenant base. Recognizing the evolving landscape of retail, CBL is transitioning some of their properties into multi-use complexes, integrating retail with entertainment, dining, and residential spaces. This adaptive strategy is aimed at enhancing the consumer experience and sustaining foot traffic, crucial in the face of the challenges confronting traditional retail spaces. Their focus on reinventing and diversifying shopping centers underlines their commitment to staying relevant and profitable in the dynamic retail sector.
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</ul>
Image Credit: Shutterstock

As of Nov. 24, 2023, five stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Forestar Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/for#NYSE">FOR</a>)</h3>
<ul>
<li>Forestar Group reported better-than-expected fourth-quarter financial results. Daniel Bartok, CEO, said, &quot;The Forestar team finished the year strong in the fourth quarter, highlighted by a 44% increase in pre-tax income to $95.4 million on revenues of $549.7 million, with a pre-tax profit margin of 17.4%.&quot; The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/FOR">52-week high of $32.70. </a>.</li>
<li>RSI Value: 75.05</li>
<li>FOR Price Action: Shares of Forestar Group rose 2.3% to close at $32.46 on Wednesday.</li>
</ul>
<h3>Newmark Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrk#NASDAQ">NMRK</a>)</h3>
<ul>
<li>Newmark Group reported better-than-expected third-quarter results and issued strong guidance. The company&rsquo;s <a href="https://www.benzinga.com/quote/NMRK"> stock has a 52-week high </a> of $9.36.</li>
<li>RSI Value: 71.46</li>
<li>NMRK Price Action: Shares of Newmark Group gained 1.7% to close at $7.92 on Wednesday.</li>
</ul>
<h3>CBL &amp; Associates Properties, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbl#NYSE">CBL</a>)</h3>
<ul>
<li>The company said FFO, as adjusted, per share was $1.60 for the third quarter. &quot;CBL posted solid results in the third quarter highlighted by same-center NOI growth of 40 basis points,&quot; said Stephen D. Lebovitz, CBL&#39;s chief executive officer. The company has a <a href="https://www.benzinga.com/quote/CBL"> 52-week high </a> of $31.02.</li>
<li>RSI Value: 72.21</li>
<li>CBL Price Action: Shares of CBL &amp; Associates Properties rose 0.9% to close at $23.12 on Wednesday.</li>
</ul>
<h3>Farmland Partners Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fpi#NYSE">FPI</a>)</h3>
<ul>
<li>Farmland Partners posted a loss for the third quarter. Luca Fabbri, President and Chief Executive Officer said, &quot;Against a backdrop of global economic and geopolitical uncertainty, the US agriculture industry in general, and farmland as an asset class in particular, continue to offer stability to consumers and investors alike. We have been leveraging this stability by continuing to selectively prune our portfolio, with a focus on farms that are not long-term strategic fits for the portfolio.&quot; The company&rsquo;s 52-week high is $13.65.</li>
<li>RSI Value: 78.74</li>
<li>FPI Price Action: Shares of Farmland Partners gained 0.5% to close at $12.43 on Wednesday.</li>
</ul>
<h3>Spirit Realty Capital, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/src#NYSE">SRC</a>)</h3>
<ul>
<li>Spirit Realty reported better-than-expected third-quarter sales results. The company <a href="https://www.benzinga.com/quote/SRC"> has a 52-week high </a> of $44.65.</li>
<li>RSI Value: 71.95</li>
<li>SRC Price Action: Shares of Spirit Realty Capital fell 0.5% to close at $40.57 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/35935843/investor-sentiment-improves-as-us-stocks-record-gains"> Investor Sentiment Improves As US Stocks Record Gains </a>

CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) today announced that its Board of Directors authorized a stock repurchase program for the Company to buy up to $25 million of its common stock.
"Authorizing a repurchase program provides us with an additional tool to allocate our capital effectively and capture an attractive opportunity when our stock is trading at a significant discount," said Stephen Lebovitz, chief executive officer. "This action demonstrates our commitment to maximizing shareholder returns as well as our confidence in CBL's current and future value. Our strong cash balance and significant cash flow generation provide an ongoing source to support this program and other opportunities."
Repurchase Program
The Company plans to repurchase shares from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions and all in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements.
The size and timing of any purchases will depend on a number of factors, including share price, general business and market conditions, and other factors. The repurchase program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company's discretion. Purchases may be made through the program by August 10, 2024.

Buybacks

CBL Properties Announces A $25M Stock Repurchase Plan

Management

CBL Properties Names Katie Reinsmidt As COO

CBL Properties Raises Quarterly Dividend From $0.25 To $0.375/Share

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>National Health Investors, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nhi#NYSE">NHI</a>)</h3>
<ul>
<li>Credit Suisse recently upgraded National Health Investors from Underperform to Neutral and raised the price target from $47 to $58. The company&rsquo;s stock has a <a href="https://www.benzinga.com/news/22/11/29804579/nhi-funds-42-5m-senior-loan-exercises-option-to-buy-60-unit-community-in-virginia">52-week low of $50.22 </a>.</li>
<li>RSI Value: 29.18</li>
<li>NHI Price Action: Shares of National Health Investors gained 0.8% to settle at $52.11 on Thursday.</li>
</ul>
<h3>
CBL &amp; Associates Properties, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbl#NYSE">CBL</a>)</h3>
<ul>
<li>CBL Properties, last month, declares special common stock dividend of $2.20 per share, payable all in cash. The company&rsquo;s <a href="https://www.benzinga.com/markets/penny-stocks/22/04/26791791/jonathan-heller-purchases-100-000-shares-of-cbl-associates-cbl-and-other-insider-trades"> stock has a 52-week low </a> of $21.66.</li>
<li>RSI Value: 25.13</li>
<li>CBL Price Action: Shares of CBL &amp; Associates Properties gained 0.4% to close at $22.82 on Thursday, and added 0.1% in after-hours trading.</li>
</ul>
<h3>
Altisource Portfolio Solutions S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asps#NYSE">ASPS</a>)</h3>
<ul>
<li>Altisource Portfolio, last month, posted a wider-than-expected Q3 loss. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/news/22/12/30198434/5-value-stocks-in-the-real-estate-sector"> low of $8.68.</a></li>
<li>RSI Value: 29.57</li>
<li>ASPS Price Action: Shares of Altisource Portfolio Solutions dropped 0.2% to close at $9.96 on Thursday.</li>
</ul>
<h3>
WeWork Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/we#NYSE">WE</a>)</h3>
<ul>
<li>WeWork, last month, reported<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/11/29683819/weworks-exit-from-underperforming-locations-is-a-step-in-the-right-direction-but-mo"> downbeat results </a> for its third quarter. The company&rsquo;s 52-week low is $1.02.</li>
<li>RSI Value: 24.32</li>
<li>WE Price Action: Shares of WeWork gained 11.1% to close at $1.20 on Thursday, and added 0.8% in after-hours trading.</li>
</ul>
<h3>
NexPoint Diversified Real Estate Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nxdt#NYSE">NXDT</a>)</h3>
<ul>
<li>NexPoint Diversified Real Estate Trust shares dropped around 33% over the past six months. The company <a href="https://www.benzinga.com/real-estate/reit/22/06/27921133/nexpoint-diversified-rallies-as-other-reits-sell-off"> has a 52-week low </a> of $10.79.</li>
<li>RSI Value: 27.04</li>
<li>NXDT Price Action: Shares of NexPoint Diversified Real Estate Trust gained 1.8% to settle at $11.05 on Thursday and added 0.1% in after-hours trading.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/22/12/30234029/investor-fear-eases-after-nasdaq-rises-more-than-2"> Investor Fear Eases After Nasdaq Rises More Than 2% </a>

Long Ideas

Penny Stocks

ASPS

NXDT

5 Cheapest Real Estate Stocks You Should Think About

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Easterly Government Properties, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dea#NYSE">DEA</a>)</h3>
<ul>
<li>BMO Capital recently downgraded Easterly Government Props from Market Perform to Underperform and lowersed the price target from $18 to $14. The company&rsquo;s stock has a <a href="https://www.benzinga.com/real-estate/reit/22/12/30132456/these-3-nyse-traded-reits-all-hit-new-12-month-lows">52-week low of $13.82 </a>.</li>
<li>RSI Value: 28.26</li>
<li>DEA Price Action: Shares of Easterly Government Properties fell 0.9% to settle at $13.85 on Tuesday, and gained 1.6% in the after-hours trading session.</li>
</ul>
<h3>
Uniti Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/unit#NASDAQ">UNIT</a>)</h3>
<ul>
<li>CTI Towers, last month, announced acquisition of 180 wireless towers from Uniti Group. The company&rsquo;s <a href="https://www.benzinga.com/real-estate/reit/22/10/29171483/lock-in-high-dividend-yields-before-these-3-reits-see-a-major-price-jump"> stock has a 52-week low </a> of $5.34.</li>
<li>RSI Value: 29.29</li>
<li>UNIT Price Action: Shares of Uniti Group fell 0.6% to close at $5.46 on Tuesday and added 1.3% in after-hours trading.</li>
</ul>
<h3>
Farmland Partners Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fpi#NYSE">FPI</a>)</h3>
<ul>
<li>Farmland Partners recently purchased Texas Farm for $12.1 million. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/real-estate/reit/22/10/29436774/5-reits-that-are-actually-producing-positive-returns-this-year"> low of $10.62.</a></li>
<li>RSI Value: 22.16</li>
<li>FPI Price Action: Shares of Farmland Partners fell 0.1% to close at $11.82 on Tuesday and declined 0.1% in after-hours trading.</li>
</ul>
<h3>
Sotherly Hotels Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soho#NASDAQ">SOHO</a>)</h3>
<ul>
<li>Sotherly Hotels, last month, <a href="https://www.benzinga.com/markets/options/22/05/27026106/52-weeks-high-and-low-article"> reported weaker-than-expected sales </a> for its third quarter. The company&rsquo;s 52-week low is $1.48.</li>
<li>RSI Value: 28.88</li>
<li>SOHO Price Action: Shares of Sotherly Hotels gained 0.6% to close at $1.78 on Tuesday.</li>
</ul>
<h3>
CBL &amp; Associates Properties, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbl#NYSE">CBL</a>)</h3>
<ul>
<li>CBL Properties, last month, declared a special common stock dividend of $2.20 per share. The company <a href="https://www.benzinga.com/markets/penny-stocks/22/04/26791791/jonathan-heller-purchases-100-000-shares-of-cbl-associates-cbl-and-other-insider-trades"> has a 52-week low </a> of $21.66.</li>
<li>RSI Value: 24.96</li>
<li>CBL Price Action: Shares of CBL &amp; Associates Properties gained 0.6% to settle at $24.15 on Tuesday, and lost 0.1% in the after-hours trading session.</li>
</ul>
Read more: <a href="https://www.benzinga.com/news/earnings/22/12/30156758/carnival-fedex-and-3-stocks-to-watch-heading-into-wednesday">Carnival, FedEx And 3 Stocks To Watch Heading Into Wednesday</a>

SOHO

UNIT

Most Affordable Stocks In The Real Estate Sector: Uniti Group, CBL & Associates Properties And More

CBL Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) today announced that its Board of Directors has declared a special dividend of&nbsp;$2.20&nbsp;per share of common stock, payable all in cash. The Special Dividend is payable on January 18, 2023, to stockholders of record as of the close of business on December 12, 2022. The special dividend equates to an aggregate cash amount of approximately&nbsp;$70.0 million.
&quot;We are pleased to further demonstrate our commitment to creating and returning stockholder value through this special all cash dividend,&quot; said Stephen D. Lebovitz, chief executive officer of CBL Properties. &quot;Through regular and special dividends, CBL will have distributed&nbsp;$2.95&nbsp;per share for 2022, representing a yield of more than&nbsp;10.1%&nbsp;to stockholders relative to today&#39;s closing price, demonstrating meaningful return of value.&quot;
Lebovitz added, &quot;Management and the Board carefully considered CBL&#39;s strong performance to-date in 2022, stable and flexible balance sheet, significant generation of free cash flow and current cash balance, in determining to pay the special dividend in all cash.&quot;
In order to ensure that the Company maintains its status as a real estate investment trust, the Company must distribute at least&nbsp;90%&nbsp;of its &quot;real estate investment trust taxable income&quot; each year. A special dividend is being made to meet this minimum distribution requirement.

CBL Properties Declares Special Common Stock Dividend Of $2.20/Share, Payable All In Cash

Earnings

CBL & Associates Q3 FFO  $1.85 Up From $0.47 YoY

CBL Properties Announces Farzana Khaleel Will Step Down As CBL's Executive Vice President And Chief Financial Officer; Co. Announces Ben Jaenicke To Join CBL And Be Appointed CFO

CBL &amp; Associates (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) reported $137.02 million in sales this quarter.

CBL & Associates Q2 Sales $137.02M

Guidance

CBL Properties Sees FY22 Adj. FFO $222M-$237M

CBL &amp; Associates (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBL#NYSE">CBL</a>) reported quarterly losses of $(1.45) per share. The company reported $140.10 million in sales this quarter.

CBL & Associates Q1 EPS $(1.45), Sales $140.10M

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Shares of several REITs and real estate companies are trading higher amid overall market strength as stocks rebound following recent weakness.

INVH

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REXR

SBAC

Shares of REITs and real estate companies are trading lower amid overall market weakness as stocks continue to sell off following last week's Fed rate hike decision. A gain in treasury yields has weighed on technology and growth stocks.

When Seeking Alpha reached out to me in late 2021 to see if I would be interested in writing an article about my outlook for 2022, I appreciated this opportunity to participate in their virtual round table. I hesitated for quite some time before slapping the picture of a bear on&nbsp;my article titled &ldquo;Positions For 2022: A Changing Of The Guard&rdquo; but I felt strongly enough about the challenges we were likely to face in 2022 that I decided to go ahead with it. I wrote the following in that article,
<blockquote>We are coming off two amazing stimulus fueled years where the S&amp;P 500 and Nasdaq generated gains of 46% and 74%, respectively (at the time of writing) since the start of 2020. This is despite a recent pullback in growth stocks. Looking in from the outside and through the lens of a market participant in early 2020, this kind of performance during a global pandemic with multiple waves of infection is beyond comprehension. In other words, markets for the most part remain unpredictable. There&rsquo;s one rule however that has managed to withstand the test of time and that is: &ldquo;Don&rsquo;t fight the Fed.&rdquo; When the Fed decides to open or close the flood gates, it is better to go with the flow instead of fighting the strong current.
With both the government and market participants agreeing that inflation is not transitory, we&rsquo;re likely to see Fed tightening and this could result in a &ldquo;don&rsquo;t fight the Fed&rdquo; scenario, but in reverse.
The key driver of the stock market is likely to be Fed action and sector/style rotation as a result of anticipated higher interest rates.
</blockquote>
The first interest rate hike last month was a modest 25 basis points but Jerome Powell indicated that a 50 basis point hike will be on the table in May. Market participants are now expecting at least two 50 basis point hikes and potentially a 75 basis point hike. A 75 basis point hike would be highly unusual and would signal that inflation is proving very challenging to control. In this environment, it is not surprising that the S&amp;P 500 dropped nearly 3% last week and the Nasdaq pulled back 3.69%. While we might see some respite from selling in the coming days, the risk continues to remain on the downside for equities in general with a few pockets of opportunity.
Insider buying normally tends to rise during periods of market weakness but we have not yet seen that because we are in the midst of earnings season related quiet periods at most companies. I expect a significant uptick in insider buying next month. As I&nbsp;<a href="https://twitter.com/AsifSuria/status/1516477515157540865" rel="noopener" target="_blank">tweeted earlier this week</a>, we are seeing a perplexing amount of insider buying in housing related companies and this week was no exception with the CEO of mortgage originator Rocket Companies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rkt#NYSE">RKT</a>) buying even more shares. The market, worried about a downturn in housing, has not really bid up these companies in recent months and hence many of them trade at very low valuations, as if often the case at cyclical peaks. It is possible that the insiders are either myopic and don&rsquo;t see the big picture or are looking beyond this cycle and think they are well positioned after the cycle bottoms.
<a href="https://www.insidearbitrage.com/wp-content/uploads/2022/04/InsiderBuyingInHousingRelatedStocks.png"><img alt="Insider Buying In Housing Related Stocks" src="https://www.insidearbitrage.com/wp-content/uploads/2022/04/InsiderBuyingInHousingRelatedStocks.png" style="height:226px; width:586px" /></a>
Insider Buying In Housing Related Stocks (source: Twitter)
&nbsp;
An interesting insider purchase this week was by a Director of retail REIT CBL &amp; Associates (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbl#NYSE">CBL</a>), which&nbsp;emerged from bankruptcy&nbsp;in late 2021.&nbsp;Jonathan Heller, a Partner of Canyon Partners,&nbsp;joined CBL&rsquo;s board&nbsp;last October. Canyon Partners is a multi-strategy hedge fund with nearly $21 billion in AUM that focuses on distressed securities, restructurings and real estate among other things. Considering CBL emerged from restructuring last year, it is not surprising to see Canyon involved. Mr. Heller made this purchase in multiple accounts including a joint account with his spouse and through a trust set up for the benefit of his children.
Insider buying declined last week with insiders purchasing $41.43 million of stock compared to $64.39 million in the week prior. Selling also decreased to $704.53 million compared to $1.58 billion in the week prior.
Sell/Buy Ratio:&nbsp;The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 17. In other words, insiders sold 17 times as much stock as they purchased. The Sell/Buy ratio this week was favorable compared to the prior week when the ratio stood at 24.52.
Notable Insider Buys:
1. CBL &amp; Associates Properties, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbl#NYSE">CBL</a>): $29.09
Director Jonathan M. Heller acquired 100,000 shares of this retail REIT, paying $32.25 per share for a total amount of $3.23 million.&nbsp;70,000 of these shares were purchased indirectly through a trust.
P/E: N/A Forward P/E: -74.59 Industry P/E: 36.33 P/S: 1.73 Price/Book: 12.63 EV/EBITDA: 10.8 Market Cap: $992.71M Avg. Daily Volume: 114,820 52 Week Range: $25.96 &ndash; $43.5
2. BlackRock, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>): $662.94
Director William E. Ford acquired 3,000 shares of this asset management company, paying $687.96 per share for a total amount of $2.06 million. Mr. Ford increased his stake by 25.18% to 14,915 shares with this purchase.
P/E: 17.35 Forward P/E: 14.91 Industry P/E: 13.13 P/S: 5.19 Price/Book: 2.67 EV/EBITDA: 13.3 Market Cap: $100.59B Avg. Daily Volume: 869,446 52 Week Range: $660.15 &ndash; $973.16
3. Rocket Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rkt#NYSE">RKT</a>): $8.67
Chief Executive Officer Jay Farner acquired 129,000 shares of this mortgage and other loans originator, paying $9.28 per share for a total amount of $1.19 million. Mr. Farner increased his stake by 7.67% to 1,810,707 shares with this purchase.
P/E: 3.73 Forward P/E: 6.83 Industry P/E: 7.54 P/S: 1.31 Price/Book: 1.65 EV/EBITDA: 4.24 Market Cap: $17.23B Avg. Daily Volume: 5,505,265 52 Week Range: $8.66 &ndash; $23.33
4. Hasbro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/has#NASDAQ">HAS</a>): $87.93
Chief Executive Officer Christian P. Cocks acquired 10,102 shares of Hasbro, paying $89.59 per share for a total amount of $905,046. Mr. Cocks increased his stake by 18.09% to 65,945 shares with this purchase.
P/E: 28.36 Forward P/E: 14.98 Industry P/E: 21.90 P/S: 1.9 Price/Book: 4.02 EV/EBITDA: 13.44 Market Cap: $12.22B Avg. Daily Volume: 1,390,963 52 Week Range: $81.16 &ndash; $105.73
5. Clene Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clnn#NASDAQ">CLNN</a>): $2.87
Director David J. Matlin acquired 132,891 shares of this biotech company, paying $3.01 per share for a total amount of $400,002. Mr. Matlin increased his stake by 7.77% to 1,844,288 shares with this purchase.
P/E: N/A Forward P/E: -5.42 Industry P/E: 81.33 P/S: 251.06 Price/Book: 14.21 EV/EBITDA: -3.33 Market Cap: $181.52M Avg. Daily Volume: 99,012 52 Week Range: $2.36 &ndash; $17.82
Notable Insider Sales:
1. Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>): $2392.28
Director Lawrence Page sold 83,332 shares of Alphabet for $2566.05, generating $213.83 million from the sale.
P/E: 21.32 Forward P/E: 17.44 Industry P/E: 20.16 P/S: 6.14 Price/Book: 6.29 EV/EBITDA: 16.13 Market Cap: $1.58T Avg. Daily Volume: 1,542,733 52 Week Range: $2230.05 &ndash; $3042
2. Bentley Systems, Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsy#NASDAQ">BSY</a>): $41.81
Director Raymond B. Bentley sold 464,605 shares of this infrastructure engineering software solutions provider for $44.05, generating $20.46 million from the sale.
P/E: 139.37 Forward P/E: 45.95 Industry P/E: 52.42 P/S: 12.47 Price/Book: 31.46 EV/EBITDA: 87.28 Market Cap: $12.03B Avg. Daily Volume: 977,131 52 Week Range: $34.45 &ndash; $71.92
3. Airbnb, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>): $156.09
Chief Financial Officer Dave Stephenson sold 35,000 shares of Airbnb for $177.81, generating $6.22 million from the sale.
P/E: N/A Forward P/E: 76.14 Industry P/E: 1,306.33 P/S: 16.75 Price/Book: 20.71 EV/EBITDA: 176.83 Market Cap: $100.35B Avg. Daily Volume: 5,987,901 52 Week Range: $129.71 &ndash; $212.584
4. Targa Resources Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>): $76.17
Shares of this midstream energy assets owner were sold by 2 insiders:
<ul>
<li>Director Joe Bob Perkins sold 66,350 shares for $78.37, generating $5.19 million from the sale.&nbsp;38,406 of these shares were sold indirectly by the Perkins Blue House Investments Limited Partnership.</li>
<li>Chief Commercial Officer Robert Muraro sold 10,000 shares for $80.10, generating $801,044 from the sale.</li>
</ul>
P/E: N/A Forward P/E: 17.23 Industry P/E: 11.84 P/S: 1.03 Price/Book: 8.64 EV/EBITDA: 12.63 Market Cap: $17.39B Avg. Daily Volume: 1,658,463 52 Week Range: $33.59 &ndash; $81.5
5. Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>): $61
Chairman Thomas Peterffy sold 80,000 shares of this investment brokerage for $65.18, generating $5.21 million from the sale.
P/E: 18.83 Forward P/E: 13.5 Industry P/E: 13.13 P/S: 9.24 Price/Book: 2.5 EV/EBITDA: N/A Market Cap: $25.42B Avg. Daily Volume: 893,673 52 Week Range: $56.95 &ndash; $82.83
Disclaimer:&nbsp;I hold a long position in Rocket Companies (RKT). Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

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Jonathan Heller Purchases 100,000 Shares Of CBL & Associates (CBL) And Other Insider Trades

CBL Properties increases dividend by ~7% to $0.40

REITs finish slightly higher as hope of a rate cut surface again, solid results provide optimism

Wall Of Worry Withstood, For Now

CBL Properties reports Q4 results

What I Wish I Knew Before Investing In REITs

CBL and Associates Properties, Inc. (CBL) stock has fallen -8.97% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives CBL stock a score of  25 out of a possible 100. That rank is primarily influenced by a long-term technical score of 36. CBL's rank also includes a short-term technical score of 40

CBL & Associates Properties, Inc. (CBL) Stock Is Down -1.73% This Week: Buy, Hold, or Sell?

CBL & Associates: An Attractive Buy Before Fed Rate Cuts

Warning: CBL is at high risk of performing badly

What I Wish I Knew Before Buying REITs

My Biggest Losses And Lessons

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Press Releases

CBL Properties Publishes First ESG Progress Update

CBL Properties Earns 2023 Great Place to Work Certification™

CBL Properties Declares Fourth Quarter Common Stock Dividend

CBL Properties Reports Results for Third Quarter 2023

CBL Properties Sees Strong Demand From New Retail and Non-Traditional Tenants

CBL Properties Announces Tax Reporting Information for 2023 Common Stock Dividends

CBL Properties Announced 6.7% Increase in Quarterly Dividend

CBL Properties Reports Results for Fourth Quarter and Full-Year 2023

CBL Properties Partners With Adeptmind to Launch "Inventory Insider"

CBL Properties and MINISO Partner to Expand Its U.S. Presence to Thirteen CBL Malls