Commonwealth Equity Services Inc lifted its holdings in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 75.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 53,090 shares of the real estate investment trust’s stock after acquiring an additional 22,808 shares during the period. Commonwealth Equity Services Inc’s holdings in CBL & Associates Properties were worth $445,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CBL. The Manufacturers Life Insurance Company boosted its position in CBL & Associates Properties by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 130,548 shares of the real estate investment trust’s stock valued at $1,101,000 after buying an additional 404 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in CBL & Associates Properties by 1.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 35,800 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 600 shares in the last quarter. Utah Retirement Systems boosted its position in CBL & Associates Properties by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 29,838 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CBL & Associates Properties by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its position in CBL & Associates Properties by 4.4% in the 2nd quarter. Mirador Capital Partners LP now owns 28,289 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

CBL & Associates Properties, Inc. (NYSE:CBL) opened at $5.62 on Friday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market capitalization of $963.30, a P/E ratio of 2.56, a PEG ratio of 0.67 and a beta of 1.12. CBL & Associates Properties, Inc. has a 52 week low of $5.46 and a 52 week high of $12.34.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 14.23%. The ex-dividend date is Thursday, December 28th. CBL & Associates Properties’s payout ratio is 165.63%.

CBL has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating and issued a $7.50 price objective on shares of CBL & Associates Properties in a research report on Friday, November 3rd. Wells Fargo & Company lowered CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Friday, November 3rd. Boenning Scattergood lowered CBL & Associates Properties from a “neutral” rating to an “under perform” rating in a research report on Friday, November 3rd. Mizuho lowered CBL & Associates Properties from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research lowered CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $9.72.

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About CBL & Associates Properties

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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