LSV Asset Management boosted its holdings in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,783,499 shares of the real estate investment trust’s stock after buying an additional 92,000 shares during the period. LSV Asset Management owned approximately 1.63% of CBL & Associates Properties worth $23,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in CBL & Associates Properties by 73.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,290,434 shares of the real estate investment trust’s stock valued at $10,879,000 after buying an additional 548,090 shares in the last quarter. State of Tennessee Treasury Department acquired a new position in CBL & Associates Properties during the 2nd quarter valued at about $1,352,000. Principal Financial Group Inc. increased its position in CBL & Associates Properties by 6,402.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,322,120 shares of the real estate investment trust’s stock valued at $11,146,000 after buying an additional 1,301,787 shares in the last quarter. IndexIQ Advisors LLC increased its position in CBL & Associates Properties by 11.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 202,292 shares of the real estate investment trust’s stock valued at $1,705,000 after buying an additional 21,194 shares in the last quarter. Finally, Ray Gerald L & Associates Ltd. increased its position in CBL & Associates Properties by 8.3% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 439,106 shares of the real estate investment trust’s stock valued at $3,701,000 after buying an additional 33,705 shares in the last quarter. 89.46% of the stock is currently owned by institutional investors.

CBL & Associates Properties, Inc. (CBL) opened at 8.29 on Wednesday. The stock has a 50 day moving average price of $8.46 and a 200-day moving average price of $8.74. CBL & Associates Properties, Inc. has a one year low of $7.15 and a one year high of $13.24. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.10 and a beta of 1.16.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 12.79%. The ex-dividend date is Friday, September 29th. CBL & Associates Properties’s dividend payout ratio (DPR) is currently 179.66%.

CBL has been the topic of a number of research reports. BidaskClub raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. 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 objective on the stock. Zacks Investment Research raised CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Jefferies Group LLC reissued a “buy” rating and issued a $11.00 price objective on shares of CBL & Associates Properties in a report on Friday, June 16th. Finally, ValuEngine lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities 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. CBL & Associates Properties currently has an average rating of “Hold” and an average price target of $10.39.

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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.

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

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