Evergreen Capital Management LLC Takes $3.76 Million Position in CBL & Associates Properties, Inc. (CBL)

Evergreen Capital Management LLC purchased a new stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 447,625 shares of the real estate investment trust’s stock, valued at approximately $3,756,000. Evergreen Capital Management LLC owned about 0.26% of CBL & Associates Properties at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CBL. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CBL & Associates Properties by 8.6% during 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. WFG Advisors LP purchased a new position in shares of CBL & Associates Properties during the 2nd quarter valued at approximately $124,000. ARP Americas LLC purchased a new position in shares of CBL & Associates Properties during the 2nd quarter valued at approximately $125,000. Daiwa Securities Group Inc. boosted its stake in shares of CBL & Associates Properties by 19.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,500 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in 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 worth $134,000 after purchasing an additional 9,594 shares during the last quarter. 95.84% of the stock is owned by institutional investors and hedge funds.

CBL & Associates Properties, Inc. (CBL) traded down $0.01 during midday trading on Wednesday, reaching $5.68. The company had a trading volume of 4,450,900 shares, compared to its average volume of 4,081,379. CBL & Associates Properties, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $12.34. 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 company has a market capitalization of $973.57, a P/E ratio of 2.59, a PEG ratio of 0.68 and a beta of 1.11.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 14.08%. CBL & Associates Properties’s dividend payout ratio is currently 165.63%.

CBL has been the topic of several analyst reports. BidaskClub lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research raised CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday, October 4th. Finally, Mizuho reissued a “hold” rating and set a $9.00 price objective on shares of CBL & Associates Properties in a report on Monday, October 9th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus 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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