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

A number of equities analysts have 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 $13.00 price objective on the stock in a research report on Thursday, May 5th. JPMorgan Chase & Co. reaffirmed 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. reaffirmed a “hold” rating and issued a $10.50 price target on shares of CBL & Associates Properties in a research report on Thursday, June 2nd. Finally, Citigroup Inc. dropped their price target 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, July 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. CBL & Associates Properties presently has a consensus rating of “Hold” and a consensus price target of $12.81.

The company’s 50 day moving average is $9.79 and its 200-day moving average is $11.04. The stock has a market capitalization of $1.86 billion and a PE ratio of 35.489.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly 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. During the same quarter in the prior year, the firm earned $0.52 EPS. The company had revenue of $263.10 million for the quarter, compared to analysts’ expectations of $260.06 million. CBL & Associates Properties’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that CBL & Associates Properties Inc. will post $2.37 earnings per share for the current year.

The business also recently declared 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. This represents a $1.06 annualized dividend and a dividend yield of 9.84%. The ex-dividend date of this dividend is Tuesday, June 28th.

Several institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of CBL & Associates Properties by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,298,116 shares of the real estate investment trust’s stock valued at $28,428,000 after buying an additional 42,379 shares in the last quarter. Alpine Woods Capital Investors LLC boosted 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. Globeflex Capital L P boosted 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. BHF Kleinwort Benson Group S.A. boosted 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. Finally, Vanguard Group Inc. boosted 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.

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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