Shares of CBL & Associates Properties Inc. (NYSE:CBL) have been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.50.

CBL has been the topic of several analyst reports. Citigroup Inc. dropped their price target on shares of CBL & Associates Properties from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. KeyCorp upgraded shares of CBL & Associates Properties from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a research note on Thursday, July 14th. Goldman Sachs Group Inc. lowered shares of CBL & Associates Properties to a “neutral” rating in a research note on Friday, July 15th. Jefferies Group reiterated a “hold” rating and set a $10.50 price objective on shares of CBL & Associates Properties in a research note on Friday, July 29th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Friday, August 12th.

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in CBL & Associates Properties by 8.7% in the second quarter. Vanguard Group Inc. now owns 29,708,610 shares of the real estate investment trust’s stock worth $276,588,000 after buying an additional 2,382,378 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CBL & Associates Properties by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 8,032,970 shares of the real estate investment trust’s stock worth $95,592,000 after buying an additional 560,777 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in CBL & Associates Properties by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,012,840 shares of the real estate investment trust’s stock worth $55,980,000 after buying an additional 65,609 shares in the last quarter. State Street Corp raised its position in CBL & Associates Properties by 21.1% in the second quarter. State Street Corp now owns 5,198,291 shares of the real estate investment trust’s stock worth $48,400,000 after buying an additional 904,233 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in CBL & Associates Properties by 108.0% in the second quarter. BlackRock Fund Advisors now owns 4,931,137 shares of the real estate investment trust’s stock worth $45,909,000 after buying an additional 2,560,730 shares in the last quarter. 92.63% of the stock is owned by hedge funds and other institutional investors.

Shares of CBL & Associates Properties (NYSE:CBL) traded up 0.299% on Monday, hitting $11.725. The company’s stock had a trading volume of 576,425 shares. The stock’s 50 day moving average is $12.73 and its 200-day moving average is $11.53. CBL & Associates Properties has a 52 week low of $8.86 and a 52 week high of $15.59. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 27.267 and a beta of 1.62.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. CBL & Associates Properties had a net margin of 11.18% and a return on equity of 6.36%. The company had revenue of $254.97 million for the quarter, compared to analyst estimates of $246.78 million. During the same quarter last year, the business earned $0.54 earnings per share. CBL & Associates Properties’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that CBL & Associates Properties will post $2.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date was Wednesday, September 28th. CBL & Associates Properties’s dividend payout ratio is 252.38%.

About CBL & Associates Properties

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.

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