CBL & Associates Properties Inc. (NYSE:cbl) declared a quarterly dividend on Thursday, August 25th. Investors of record on Friday, September 30th will be paid a dividend of 0.265 per share by the real estate investment trust on Friday, October 14th. This represents a $1.06 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date is Wednesday, September 28th.

A number of large investors have recently bought and sold shares of CBL. Sei Investments Co. increased its stake in CBL & Associates Properties by 1.5% in the second quarter. Sei Investments Co. now owns 13,078 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 197 shares in the last quarter. Hsbc Holdings PLC increased its stake in CBL & Associates Properties by 0.9% in the second quarter. Hsbc Holdings PLC now owns 40,994 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 369 shares in the last quarter. US Bancorp DE increased its stake in CBL & Associates Properties by 28.4% in the second quarter. US Bancorp DE now owns 17,305 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 3,827 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in CBL & Associates Properties by 23.8% in the second quarter. Canada Pension Plan Investment Board now owns 26,500 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 5,100 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in CBL & Associates Properties during the second quarter valued at about $104,000. Institutional investors own 92.62% of the company’s stock.

CBL & Associates Properties (NYSE:CBL) opened at 12.42 on Friday. CBL & Associates Properties has a 52-week low of $8.86 and a 52-week high of $15.59. The stock has a market cap of $2.12 billion, a PE ratio of 28.88 and a beta of 1.70. The firm has a 50-day moving average price of $13.00 and a 200 day moving average price of $11.53.

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 (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. CBL & Associates Properties had a return on equity of 6.36% and a net margin of 11.18%. The company had revenue of $254.97 million for the quarter, compared to the consensus estimate of $246.78 million. During the same period in the previous year, the business earned $0.54 EPS. CBL & Associates Properties’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts anticipate that CBL & Associates Properties will post $2.38 earnings per share for the current year.

CBL has been the subject of several research analyst reports. Jefferies Group raised CBL & Associates Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $10.50 to $16.00 in a report on Monday, August 29th. Barclays PLC increased their price objective on CBL & Associates Properties from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, August 30th. Goldman Sachs Group Inc. reissued a “hold” rating and issued a $10.50 price objective on shares of CBL & Associates Properties in a report on Thursday, June 2nd. Canaccord Genuity reissued a “hold” rating on shares of CBL & Associates Properties in a report on Friday, August 12th. Finally, Citigroup Inc. decreased their price objective on CBL & Associates Properties from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. CBL & Associates Properties has an average rating of “Hold” and a consensus price target of $13.61.

CBL & Associates Properties Company Profile

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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