Shares of CBL & Associates Properties Inc. (NYSE:CBL) traded up 2.4% during trading on Wednesday . The company traded as high as $10.63 and last traded at $10.62, with a volume of 756,917 shares trading hands. The stock had previously closed at $10.37.

A number of analysts recently commented on the stock. Zacks Investment Research cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. TheStreet upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Mizuho started coverage on shares of CBL & Associates Properties in a research note on Wednesday, April 13th. They issued a “neutral” rating and a $13.00 target price on the stock. JPMorgan Chase & Co. reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Thursday, May 5th. Finally, Goldman Sachs Group Inc. reiterated a “hold” rating and issued a $10.50 target price on shares of CBL & Associates Properties in a research note on Thursday, June 2nd. 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’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.81.

The company has a 50-day moving average price of $9.77 and a 200 day moving average price of $11.04. The company has a market cap of $1.84 billion and a PE ratio of 35.08.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given 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 9.84%.

A number of hedge funds have made changes to their positions in CBL. Vanguard Group Inc. increased its position in shares of CBL & Associates Properties by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 25,362,489 shares of the real estate investment trust’s stock valued at $313,734,000 after buying an additional 926,435 shares in the last quarter. Alpine Woods Capital Investors LLC increased its position in shares of CBL & Associates Properties by 272.1% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 328,191 shares of the real estate investment trust’s stock valued at $4,060,000 after buying an additional 240,000 shares in the last quarter. First Trust Advisors LP increased its position in shares of 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 in the last quarter. Globeflex Capital L P increased its position 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 valued at $2,060,000 after buying an additional 104,809 shares in the last quarter. Finally, BHF Kleinwort Benson Group S.A. increased its position 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 valued at $1,796,000 after buying an additional 103,438 shares in 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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