Bank of Hawaii trimmed its stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,845 shares of the real estate investment trust’s stock after selling 390 shares during the period. Bank of Hawaii’s holdings in CBL & Associates Properties were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CBL & Associates Properties by 10.9% during 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 purchasing an additional 1,163 shares during the last quarter. ARP Americas LLC purchased a new position in shares of CBL & Associates Properties during the second quarter valued at approximately $125,000. M&T Bank Corp raised its holdings in shares of CBL & Associates Properties by 14.8% during the first quarter. M&T Bank Corp now owns 15,202 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,964 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of CBL & Associates Properties by 19.0% during the second quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of CBL & Associates Properties by 152.2% during the second quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 9,594 shares during the last quarter. 89.46% of the stock is owned by hedge funds and other institutional investors.

CBL has been the subject of several research reports. ValuEngine cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley reissued an “underweight” rating and set a $6.00 price objective (down from $10.00) on shares of CBL & Associates Properties in a report on Saturday, June 3rd. Jefferies Group LLC reissued a “buy” rating and set a $11.00 price objective on shares of CBL & Associates Properties in a report on Friday, June 16th. Barclays PLC reissued a “hold” rating and set a $9.00 price objective on shares of CBL & Associates Properties in a report on Friday, June 23rd. Finally, BidaskClub raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.39.

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) traded up 0.238% during mid-day trading on Thursday, reaching $8.851. 188,799 shares of the company’s stock were exchanged. The company has a market capitalization of $1.51 billion, a PE ratio of 15.053 and a beta of 1.16. The company’s 50-day moving average price is $8.36 and its 200-day moving average price is $8.67. CBL & Associates Properties, Inc. has a one year low of $7.15 and a one year high of $12.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 12.28%. The ex-dividend date of this dividend is Friday, September 29th. CBL & Associates Properties’s payout ratio is 179.66%.

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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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