Louisiana State Employees Retirement System bought a new position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) during the second quarter, Holdings Channel reports. The institutional investor bought 69,700 shares of the real estate investment trust’s stock, valued at approximately $588,000.

A number of other large investors also recently made changes to their positions in CBL. Independent Portfolio Consultants Inc. increased its stake in shares of CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,525 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CBL & Associates Properties by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,881 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,163 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,843 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,000 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of CBL & Associates Properties during the first quarter worth $131,000. 90.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of CBL & Associates Properties, Inc. (CBL) traded up 0.2216% on Wednesday, reaching $8.9999. 1,288,594 shares of the company’s stock were exchanged. CBL & Associates Properties, Inc. has a one year low of $7.15 and a one year high of $14.30. The company has a 50 day moving average price of $8.60 and a 200 day moving average price of $9.16. The firm has a market cap of $1.54 billion, a PE ratio of 12.6759 and a beta of 1.17.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.265 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.06 annualized dividend and a dividend yield of 11.80%. CBL & Associates Properties’s dividend payout ratio (DPR) is 179.66%.

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A number of equities research analysts recently weighed in on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research note on Monday. BidaskClub raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus assumed coverage on shares of CBL & Associates Properties in a research note on Friday, July 14th. They issued a “hold” rating and a $8.25 target price on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of CBL & Associates Properties in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. CBL & Associates Properties has an average rating of “Hold” and a consensus price target of $10.84.

About CBL & Associates Properties

CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. 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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Institutional Ownership by Quarter for CBL & Associates Properties (NYSE:CBL)

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