Chicago Equity Partners LLC decreased its stake in CBL & Associates Properties, Inc. (NYSE:CBL) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,028,675 shares of the real estate investment trust’s stock after selling 42,250 shares during the period. Chicago Equity Partners LLC owned about 0.60% of CBL & Associates Properties worth $8,672,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in CBL & Associates Properties by 5.5% in the first quarter. Vanguard Group Inc. now owns 34,755,930 shares of the real estate investment trust’s stock valued at $331,572,000 after buying an additional 1,803,571 shares in the last quarter. BlackRock Inc. boosted its position in CBL & Associates Properties by 5,739.4% in the first quarter. BlackRock Inc. now owns 15,437,415 shares of the real estate investment trust’s stock valued at $147,273,000 after buying an additional 15,173,049 shares in the last quarter. Brookfield Asset Management Inc. boosted its position in CBL & Associates Properties by 2.1% in the first quarter. Brookfield Asset Management Inc. now owns 13,146,270 shares of the real estate investment trust’s stock valued at $125,415,000 after buying an additional 273,750 shares in the last quarter. State Street Corp boosted its position in CBL & Associates Properties by 4.1% in the first quarter. State Street Corp now owns 5,921,888 shares of the real estate investment trust’s stock valued at $56,502,000 after buying an additional 233,155 shares during the period. Finally, Denver Investment Advisors LLC boosted its position in CBL & Associates Properties by 136.6% in the second quarter. Denver Investment Advisors LLC now owns 3,696,445 shares of the real estate investment trust’s stock valued at $31,161,000 after buying an additional 2,134,359 shares during the period.

Shares of CBL & Associates Properties, Inc. (CBL) opened at 8.00 on Friday. The stock has a 50 day moving average price of $8.56 and a 200 day moving average price of $8.86. CBL & Associates Properties, Inc. has a 1-year low of $7.14 and a 1-year high of $14.30. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.61 and a beta of 1.17.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.265 per share. The ex-dividend date 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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CBL has been the subject of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of CBL & Associates Properties in a report on Monday, May 22nd. Hilliard Lyons cut CBL & Associates Properties to a “buy” rating and cut their price target for the company from $19.00 to $17.50 in a report on Thursday, May 4th. BidaskClub raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a report on Monday, August 7th. Finally, Stifel Nicolaus initiated coverage on CBL & Associates Properties in a report on Friday, July 14th. They issued a “hold” rating and a $8.25 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.39.

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.

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

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