HL Financial Services LLC raised its position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 132.1% during the second quarter, Holdings Channel reports. The firm owned 257,939 shares of the real estate investment trust’s stock after buying an additional 146,796 shares during the period. HL Financial Services LLC’s holdings in CBL & Associates Properties were worth $2,174,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Independent Order of Foresters increased its stake in shares of CBL & Associates Properties by 126.3% in the second quarter. Independent Order of Foresters now owns 150,515 shares of the real estate investment trust’s stock worth $1,269,000 after buying an additional 84,000 shares during the period. ARP Americas LLC acquired a new stake in shares of CBL & Associates Properties during the second quarter worth about $125,000. Texas Permanent School Fund acquired a new stake in shares of CBL & Associates Properties during the second quarter worth about $1,053,000. Daiwa Securities Group Inc. increased its stake in shares of CBL & Associates Properties by 19.0% in the second quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,500 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of CBL & Associates Properties during the second quarter worth about $150,000. Hedge funds and other institutional investors own 90.50% of the company’s stock.

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) opened at 8.89 on Thursday. The company has a 50-day moving average price of $8.65 and a 200-day moving average price of $9.12. The company has a market cap of $1.52 billion, a P/E ratio of 12.52 and a beta of 1.17. CBL & Associates Properties, Inc. has a 52-week low of $7.15 and a 52-week high of $14.30.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend was Wednesday, June 28th. CBL & Associates Properties’s payout ratio is presently 179.66%.

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A number of analysts have recently issued reports on the company. Boenning Scattergood reiterated a “hold” rating on shares of CBL & Associates Properties in a research report on Monday. BidaskClub upgraded CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus assumed coverage on CBL & Associates Properties in a research report on Friday, July 14th. They set a “hold” rating and a $8.25 price target for the company. Barclays PLC reiterated a “hold” rating and set a $9.00 price target on shares of CBL & Associates Properties in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $11.00 price target on shares of CBL & Associates Properties in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. CBL & Associates Properties has an average rating of “Hold” and a consensus target price of $10.84.

CBL & Associates Properties Company Profile

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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