CBL & Associates Properties Inc. (NYSE:CBL) rose 3% during mid-day trading on Thursday . The stock traded as high as $10.07 and last traded at $10.03, with a volume of 1,653,280 shares. The stock had previously closed at $9.74.

Several equities research analysts recently issued reports on CBL shares. Zacks Investment Research raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, March 15th. JPMorgan Chase & Co. reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Thursday, May 5th. TheStreet raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Goldman Sachs Group Inc. reissued a “hold” rating and issued a $10.50 target price on shares of CBL & Associates Properties in a research report on Thursday, June 2nd. Finally, Citigroup Inc. decreased their target price on shares of CBL & Associates Properties from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.81.

The stock has a market cap of $1.68 billion and a P/E ratio of 32.08. The stock’s 50 day moving average price is $9.77 and its 200-day moving average price is $11.11.

CBL & Associates Properties (NYSE:CBL) last posted its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. During the same quarter in the previous year, the firm posted $0.52 EPS. The company had revenue of $263.10 million for the quarter, compared to analyst estimates of $260.06 million. CBL & Associates Properties’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts forecast that CBL & Associates Properties Inc. will post $2.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.265 per share. The ex-dividend date is Tuesday, June 28th. This represents a $1.06 annualized dividend and a yield of 10.76%.

A number of hedge funds recently bought and sold shares of the company. Strs Ohio increased its stake in CBL & Associates Properties by 0.3% in the fourth quarter. Strs Ohio now owns 268,069 shares of the real estate investment trust’s stock valued at $3,316,000 after buying an additional 762 shares during the last quarter. Numeric Investors LLC increased its stake in CBL & Associates Properties by 89.0% in the fourth quarter. Numeric Investors LLC now owns 90,900 shares of the real estate investment trust’s stock valued at $1,124,000 after buying an additional 42,800 shares during the last quarter. First Trust Advisors LP increased its stake in CBL & Associates Properties by 19.0% in the fourth quarter. First Trust Advisors LP now owns 979,669 shares of the real estate investment trust’s stock valued at $12,119,000 after buying an additional 156,572 shares during the last quarter. Comerica Bank increased its stake in CBL & Associates Properties by 4.2% in the fourth quarter. Comerica Bank now owns 170,135 shares of the real estate investment trust’s stock valued at $1,979,000 after buying an additional 6,784 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in CBL & Associates Properties by 13.0% in the fourth quarter. New York State Common Retirement Fund now owns 721,888 shares of the real estate investment trust’s stock valued at $8,930,000 after buying an additional 82,897 shares during the last quarter.

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). 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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