GAM Holding AG continued to hold its position in CBL & Associates Properties, Inc. (NYSE:CBL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,078 shares of the real estate investment trust’s stock at the end of the 2nd quarter. GAM Holding AG’s holdings in CBL & Associates Properties were worth $119,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of CBL & Associates Properties by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 34,755,930 shares of the real estate investment trust’s stock valued at $331,572,000 after purchasing an additional 1,803,571 shares during the period. BlackRock Inc. grew its stake in shares of CBL & Associates Properties by 5,739.4% during the 1st quarter. BlackRock Inc. now owns 15,437,415 shares of the real estate investment trust’s stock valued at $147,273,000 after purchasing an additional 15,173,049 shares during the period. Brookfield Asset Management Inc. grew its stake in shares of CBL & Associates Properties by 2.1% during the 1st 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 purchasing an additional 273,750 shares during the period. State Street Corp grew its stake in shares of CBL & Associates Properties by 4.1% during the 1st quarter. State Street Corp now owns 5,921,888 shares of the real estate investment trust’s stock valued at $56,502,000 after purchasing an additional 233,155 shares during the period. Finally, Denver Investment Advisors LLC grew its stake in shares of CBL & Associates Properties by 136.6% during the 2nd 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 purchasing an additional 2,134,359 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.

CBL has been the subject of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and set a $11.00 price target on shares of CBL & Associates Properties in a research note on Friday, June 16th. BidaskClub upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.39.

CBL & Associates Properties, Inc. (CBL) opened at 8.20 on Friday. The company’s 50 day moving average price is $8.48 and its 200-day moving average price is $8.78. The company has a market capitalization of $1.40 billion, a P/E ratio of 13.95 and a beta of 1.16. CBL & Associates Properties, Inc. has a 52 week low of $7.15 and a 52 week high of $13.43.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 12.93%. The ex-dividend date of this dividend is Friday, September 29th. CBL & Associates Properties’s dividend payout ratio (DPR) is 179.66%.

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CBL & Associates Properties 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.

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

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