CBL & Associates Properties Inc. (NYSE:CBL) shares fell 1.5% during trading on Thursday . The company traded as low as $12.25 and last traded at $12.38, with a volume of 2,107,828 shares traded. The stock had previously closed at $12.57.

A number of research firms have recently commented on CBL. Citigroup Inc. boosted their target price on shares of CBL & Associates Properties from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Jefferies Group reissued a “hold” rating and set a $10.50 target price on shares of CBL & Associates Properties in a research report on Friday, July 29th. Goldman Sachs Group Inc. cut shares of CBL & Associates Properties to a “neutral” rating in a research report on Friday, July 15th. KeyCorp raised shares of CBL & Associates Properties from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Thursday, July 14th. Finally, Mizuho reduced their target price 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. 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 company. CBL & Associates Properties presently has an average rating of “Hold” and a consensus price target of $12.44.

The firm has a market cap of $2.13 billion and a P/E ratio of 28.95. The firm has a 50 day moving average price of $10.87 and a 200 day moving average price of $11.04.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a $0.265 dividend. 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 8.51%.

A number of institutional investors have recently added to or reduced their stakes in CBL. 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 in the last quarter. New York State Common Retirement Fund increased its position in shares of 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 increased 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 during the period. Finally, Vanguard Group Inc. increased 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 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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