CBL & Associates Properties Inc. (NYSE:CBL) rose 0.8% during trading on Tuesday . The stock traded as high as $11.29 and last traded at $11.15, with a volume of 1,268,540 shares. The stock had previously closed at $11.06.

CBL has been the topic of several research reports. Mizuho initiated coverage on shares of CBL & Associates Properties in a research note on Wednesday, April 13th. They set a “neutral” rating and a $13.00 price objective on the stock. TheStreet raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Zacks Investment Research lowered shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. JPMorgan Chase & Co. reissued a “hold” rating on shares of CBL & Associates Properties in a research note on Thursday, May 5th. Finally, Goldman Sachs Group Inc. downgraded shares of CBL & Associates Properties from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $10.50 in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.44.

The firm’s 50-day moving average price is $9.91 and its 200 day moving average price is $11.00. The company has a market cap of $1.89 billion and a P/E ratio of 36.12.

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 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 the consensus estimate of $260.06 million. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Analysts expect that CBL & Associates Properties Inc. will post $2.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 9.56%. The ex-dividend date was Tuesday, June 28th.

A number of hedge funds and institutional investors have bought and sold shares of CBL. Teacher Retirement System of Texas increased its position in CBL & Associates Properties by 22.9% in the fourth quarter. Teacher Retirement System of Texas now owns 359,332 shares of the real estate investment trust’s stock worth $4,445,000 after buying an additional 66,852 shares during the period. First Trust Advisors LP increased its position in 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 worth $12,119,000 after buying an additional 156,572 shares during the period. Comerica Bank increased 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 period. Vanguard Group Inc. increased its position 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 worth $313,734,000 after buying an additional 926,435 shares during the period. Finally, Alpine Woods Capital Investors LLC increased its position 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 worth $4,060,000 after buying an additional 240,000 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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