CBL & Associates Properties, Inc. (NYSE:CBL) Stake Boosted by Teachers Advisors LLC

Teachers Advisors LLC raised its stake in CBL & Associates Properties, Inc. (NYSE:CBL) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 349,745 shares of the real estate investment trust’s stock after buying an additional 9,217 shares during the period. Teachers Advisors LLC’s holdings in CBL & Associates Properties were worth $3,337,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its stake in shares of CBL & Associates Properties by 944.6% in the first quarter. Advisors Asset Management Inc. now owns 414,097 shares of the real estate investment trust’s stock valued at $3,950,000 after buying an additional 374,456 shares during the period. First Trust Advisors LP increased its stake in shares of CBL & Associates Properties by 18.4% in the first quarter. First Trust Advisors LP now owns 235,790 shares of the real estate investment trust’s stock valued at $2,249,000 after buying an additional 36,566 shares during the period. IndexIQ Advisors LLC increased its stake in shares of CBL & Associates Properties by 12.6% in the first quarter. IndexIQ Advisors LLC now owns 181,098 shares of the real estate investment trust’s stock valued at $1,728,000 after buying an additional 20,222 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of CBL & Associates Properties by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 188,515 shares of the real estate investment trust’s stock valued at $1,798,000 after buying an additional 978 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in shares of CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,843 shares during the period. Institutional investors own 90.50% of the company’s stock.

CBL & Associates Properties, Inc. (CBL) traded down 2.10% on Friday, hitting $8.40. The company had a trading volume of 5,581,284 shares. The stock’s 50-day moving average price is $8.66 and its 200 day moving average price is $9.10. CBL & Associates Properties, Inc. has a one year low of $7.15 and a one year high of $14.30. The company has a market capitalization of $1.44 billion, a P/E ratio of 14.29 and a beta of 1.17.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 12.62%. The ex-dividend date was Wednesday, June 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is currently 179.66%.

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Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. BidaskClub upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a report on Monday, August 7th. Stifel Nicolaus assumed coverage on CBL & Associates Properties in a report on Friday, July 14th. They issued a “hold” rating and a $8.25 price target for the company. Finally, Jefferies Group LLC restated a “buy” rating and issued a $11.00 price target on shares of CBL & Associates Properties in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.84.

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.

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

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