CBL & Associates Properties Inc. (NYSE:CBL) shot up 0.8% 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.

Several brokerages recently weighed in on CBL. Goldman Sachs Group Inc. reaffirmed a “hold” rating and set a $10.50 target price on shares of CBL & Associates Properties in a research note on Thursday, June 2nd. TheStreet raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Mizuho dropped their price objective on shares of CBL & Associates Properties from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, May 26th. Zacks Investment Research downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Citigroup Inc. dropped their price objective 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.44.

The company has a market cap of $1.90 billion and a PE ratio of 36.173. The company’s 50-day moving average price is $9.99 and its 200-day moving average price is $11.00.

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 for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. During the same period last year, the firm earned $0.52 earnings per share. The business had revenue of $263.10 million for the quarter, compared to analyst estimates of $260.06 million. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that CBL & Associates Properties Inc. will post $2.36 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $1.06 dividend on an annualized basis and a yield of 9.58%.

A number of hedge funds and institutional investors have made changes to their positions in the stock. 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 worth $4,060,000 after buying an additional 240,000 shares during the period. 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 worth $2,060,000 after buying an additional 104,809 shares during the period. 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 worth $1,796,000 after buying an additional 103,438 shares during the period. 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 worth $313,734,000 after buying an additional 926,435 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of 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.

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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