CBL & Associates Properties Inc. (NYSE:CBL) rose 1.6% on Wednesday . The stock traded as high as $12.56 and last traded at $12.45, with a volume of 871,044 shares traded. The stock had previously closed at $12.25.

CBL has been the subject of several research reports. Mizuho initiated coverage on CBL & Associates Properties in a research note on Wednesday, April 13th. They set a “neutral” rating and a $13.00 price objective for the company. Zacks Investment Research raised CBL & Associates Properties from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Thursday, May 5th. Goldman Sachs Group Inc. lowered CBL & Associates Properties to a “neutral” rating in a research note on Friday, July 15th. KeyCorp raised CBL & Associates Properties from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of CBL & Associates Properties in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.44.

The stock has a market capitalization of $2.15 billion and a price-to-earnings ratio of 29.23. The stock has a 50 day moving average of $10.71 and a 200 day moving average of $11.02.

CBL & Associates Properties (NYSE:CBL) last posted its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. The company earned $254.97 million during the quarter, compared to the consensus estimate of $246.78 million. During the same quarter last year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts predict that CBL & Associates Properties Inc. will post $2.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 8.43%. The ex-dividend date was Tuesday, June 28th.

A number of hedge funds and institutional investors recently bought and sold shares of CBL. Vanguard Group Inc. boosted 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 valued at $313,734,000 after buying an additional 926,435 shares during the period. New York State Common Retirement Fund boosted its position in CBL & Associates Properties by 13.0% in the fourth quarter. New York State Common Retirement Fund now owns 721,888 shares of the real estate investment trust’s stock valued at $8,930,000 after buying an additional 82,897 shares during the period. Alpine Woods Capital Investors LLC boosted 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 valued at $4,060,000 after buying an additional 240,000 shares during the period. Finally, Comerica Bank boosted 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 valued at $1,979,000 after buying an additional 6,784 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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