BlackRock Inc. boosted its stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 5,739.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,437,415 shares of the real estate investment trust’s stock after buying an additional 15,173,049 shares during the period. BlackRock Inc. owned 9.02% of CBL & Associates Properties worth $147,273,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. New York State Teachers Retirement System increased its stake in shares of CBL & Associates Properties by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 14,900 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of CBL & Associates Properties by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 188,515 shares of the real estate investment trust’s stock valued at $1,798,000 after buying an additional 978 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CBL & Associates Properties by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,881 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,163 shares during the last quarter. Mirador Capital Partners LP increased its stake in shares of CBL & Associates Properties by 4.9% in the first quarter. Mirador Capital Partners LP now owns 27,101 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 1,266 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,843 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) traded down 1.84% during trading on Friday, hitting $8.01. 3,643,907 shares of the company’s stock were exchanged. The company has a market cap of $1.37 billion, a P/E ratio of 13.62 and a beta of 1.17. CBL & Associates Properties, Inc. has a 12-month low of $7.15 and a 12-month high of $14.30. The company has a 50-day moving average of $8.62 and a 200-day moving average of $9.02.

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Several brokerages have recently commented on CBL. Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a research report on Monday, August 7th. Stifel Nicolaus assumed coverage on shares of CBL & Associates Properties in a research note on Friday, July 14th. They set a “hold” rating and a $8.25 target price for the company. BidaskClub raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays PLC reaffirmed a “hold” rating and set a $9.00 target price on shares of CBL & Associates Properties in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. CBL & Associates Properties has a consensus rating of “Hold” and a consensus target price of $10.39.

About CBL & Associates Properties

CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. 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.

Institutional Ownership by Quarter for CBL & Associates Properties (NYSE:CBL)

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