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

CBL has been the subject of a number of analyst reports. Zacks Investment Research upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Thursday, May 5th. Goldman Sachs Group Inc. reiterated a “hold” rating and set a $10.50 price objective on shares of CBL & Associates Properties in a report on Thursday, June 2nd. JPMorgan Chase & Co. reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Thursday, May 5th. TheStreet upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Mizuho assumed coverage on CBL & Associates Properties in a report on Wednesday, April 13th. They set a “neutral” rating and a $13.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.81.

The stock has a market cap of $1.83 billion and a PE ratio of 34.98. The stock’s 50-day moving average is $9.83 and its 200-day moving average is $11.04.

CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The company earned $263.10 million during the quarter, compared to analyst estimates of $260.06 million. During the same period in the previous year, the company posted $0.52 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts predict that CBL & Associates Properties Inc. will post $2.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend is Tuesday, June 28th.

Other large investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in 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 during the last quarter. Alpine Woods Capital Investors LLC increased its stake in 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 during the last quarter. Globeflex Capital L P increased its stake 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 valued at $2,060,000 after buying an additional 104,809 shares during the last quarter. BHF Kleinwort Benson Group S.A. increased its stake 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 valued at $1,796,000 after buying an additional 103,438 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.