Shares of CBL & Associates Properties, Inc. (NYSE:CBL) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.29.

A number of analysts recently commented on CBL shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 price objective on shares of CBL & Associates Properties in a research note on Monday, May 22nd. Hilliard Lyons lowered CBL & Associates Properties to a “buy” rating and decreased their price objective for the company from $19.00 to $17.50 in a research note on Thursday, May 4th. BidaskClub raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. Finally, Stifel Nicolaus started coverage on CBL & Associates Properties in a research note on Friday, July 14th. They set a “hold” rating and a $8.25 price objective on the stock.

CBL & Associates Properties (NYSE:CBL) traded up 2.813% on Tuesday, hitting $8.225. The stock had a trading volume of 1,056,885 shares. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 13.988 and a beta of 1.17. CBL & Associates Properties has a one year low of $7.15 and a one year high of $14.30. The stock’s 50 day moving average is $8.56 and its 200 day moving average is $8.86.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.06 annualized dividend and a yield of 13.25%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 179.66%.

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A number of institutional investors have recently added to or reduced their stakes in CBL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,027 shares during the period. Independent Portfolio Consultants Inc. increased its position in CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,525 shares during the period. Eqis Capital Management Inc. increased its position in 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 period. WFG Advisors LP acquired a new position in CBL & Associates Properties during the second quarter valued at $124,000. Finally, Daiwa Securities Group Inc. increased its position in CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 3,000 shares during the period.

CBL & Associates Properties Company Profile

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.

Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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