CBL & Associates Properties Inc. (NYSE:CBL)’s share price was up 3% on Thursday . The company traded as high as $10.07 and last traded at $10.03, with a volume of 1,653,280 shares traded. The stock had previously closed at $9.74.

Several equities research analysts recently commented on CBL shares. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, March 15th. Mizuho started coverage on shares of CBL & Associates Properties in a research report on Wednesday, April 13th. They issued a “neutral” rating and a $13.00 price objective on the stock. TheStreet upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of CBL & Associates Properties in a research report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. lowered shares of CBL & Associates Properties from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $10.50 in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.81.

The company’s 50-day moving average price is $9.76 and its 200-day moving average price is $11.09. The company has a market capitalization of $1.72 billion and a P/E ratio of 32.83.

CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $263.10 million for the quarter, compared to analyst estimates of $260.06 million. During the same period last year, the business posted $0.52 earnings per share. CBL & Associates Properties’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts forecast that CBL & Associates Properties Inc. will post $2.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.52%. The ex-dividend date is Tuesday, June 28th.

Several hedge funds and institutional investors have modified their holdings of the stock. Numeric Investors LLC raised its position in shares of 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 worth $1,124,000 after buying an additional 42,800 shares during the period. BHF Kleinwort Benson Group S.A. raised its position in CBL & Associates Properties by 247.8% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 145,184 shares of the real estate investment trust’s stock worth $1,796,000 after buying an additional 103,438 shares during the last quarter. Comerica Bank raised its position 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 worth $1,979,000 after buying an additional 6,784 shares during the last quarter. Globeflex Capital L P raised its position in CBL & Associates Properties by 169.8% in the fourth quarter. Globeflex Capital L P now owns 166,525 shares of the real estate investment trust’s stock worth $2,060,000 after buying an additional 104,809 shares during the last quarter. Finally, Strs Ohio raised its position 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 worth $3,316,000 after buying an additional 762 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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