Asset Management One Co. Ltd. raised its stake in CBL & Associates Properties, Inc. (NYSE:CBL) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,444 shares of the real estate investment trust’s stock after acquiring an additional 10,218 shares during the quarter. Asset Management One Co. Ltd. owned about 0.23% of CBL & Associates Properties worth $3,367,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CBL. Vanguard Group Inc. increased its holdings in shares of CBL & Associates Properties by 1.0% during the second quarter. Vanguard Group Inc. now owns 35,109,341 shares of the real estate investment trust’s stock worth $295,972,000 after purchasing an additional 353,411 shares during the period. BlackRock Inc. increased its stake in CBL & Associates Properties by 63.2% in the second quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock valued at $212,402,000 after acquiring an additional 9,758,738 shares during the last quarter. Brookfield Asset Management Inc. increased its stake in CBL & Associates Properties by 12.7% in the second quarter. Brookfield Asset Management Inc. now owns 14,811,925 shares of the real estate investment trust’s stock valued at $124,865,000 after acquiring an additional 1,665,655 shares during the last quarter. State Street Corp increased its stake in CBL & Associates Properties by 16.1% in the second quarter. State Street Corp now owns 6,874,361 shares of the real estate investment trust’s stock valued at $57,954,000 after acquiring an additional 952,473 shares during the last quarter. Finally, Northern Trust Corp increased its stake in CBL & Associates Properties by 10.2% in the second quarter. Northern Trust Corp now owns 4,354,255 shares of the real estate investment trust’s stock valued at $36,706,000 after acquiring an additional 403,257 shares during the last quarter. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBL & Associates Properties, Inc. (CBL) opened at $5.69 on Thursday. CBL & Associates Properties, Inc. has a 52 week low of $5.31 and a 52 week high of $12.04. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39. The firm has a market cap of $980.41, a price-to-earnings ratio of 2.60, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 14.06%. The ex-dividend date is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is currently 165.63%.

A number of research analysts recently issued reports on CBL shares. ValuEngine raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Mizuho reissued a “hold” rating and issued a $9.00 price objective on shares of CBL & Associates Properties in a research note on Monday, October 9th. KeyCorp reissued a “hold” rating on shares of CBL & Associates Properties in a research note on Wednesday, October 4th. Jefferies Group cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $7.50 target price on shares of CBL & Associates Properties in a research report on Friday, November 3rd. Eight equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.81.

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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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