CBL & Associates Properties Inc. (NYSE:CBL) was down 1.2% during mid-day trading on Tuesday . The stock traded as low as $10.34 and last traded at $10.46, with a volume of 1,387,625 shares trading hands. The stock had previously closed at $10.59.

Several equities research analysts have issued reports on CBL shares. Mizuho started coverage on shares of CBL & Associates Properties in a research report on Wednesday, April 13th. They set a “neutral” rating and a $13.00 target price for the company. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, May 5th. JPMorgan Chase & Co. restated a “hold” rating on shares of CBL & Associates Properties in a report on Thursday, May 5th. Citigroup Inc. lowered their price objective on shares of CBL & Associates Properties from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Finally, Goldman Sachs Group Inc. lowered shares of CBL & Associates Properties from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $12.00 to $10.50 in a report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. CBL & Associates Properties currently has a consensus rating of “Hold” and an average price target of $12.81.

The company has a 50-day moving average of $9.77 and a 200 day moving average of $11.04. The stock has a market cap of $1.77 billion and a P/E ratio of 33.78.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $263.10 million for the quarter, compared to analysts’ expectations of $260.06 million. During the same period last year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that CBL & Associates Properties Inc. will post $2.37 EPS for the current 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. This represents a $1.06 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date of this dividend is Tuesday, June 28th.

A number of large investors recently made changes to their positions in CBL. Numeric Investors LLC raised its stake 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 stake in shares of 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 period. Comerica Bank raised its stake in shares of 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 period. Globeflex Capital L P raised its stake in shares of 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 period. Finally, Strs Ohio raised its stake in shares of 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 period.

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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