Global X Management Co. LLC increased its position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 867,144 shares of the real estate investment trust’s stock after buying an additional 39,573 shares during the period. Global X Management Co. LLC’s holdings in CBL & Associates Properties were worth $7,310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. raised its stake in CBL & Associates Properties by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 188,515 shares of the real estate investment trust’s stock valued at $1,798,000 after buying an additional 978 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $113,000 after buying an additional 1,163 shares in the last quarter. Mirador Capital Partners LP raised its stake in shares of CBL & Associates Properties by 4.9% in the first quarter. Mirador Capital Partners LP now owns 27,101 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 1,266 shares in the last quarter. Eqis Capital Management Inc. raised 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 valued at $114,000 after buying an additional 1,843 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of CBL & Associates Properties by 14.8% in the first quarter. M&T Bank Corp now owns 15,202 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,964 shares in the last quarter. 90.50% of the stock is owned by institutional investors.

CBL & Associates Properties, Inc. (NYSE CBL) opened at 8.40 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 14.29 and a beta of 1.17. The company has a 50 day moving average price of $8.66 and a 200-day moving average price of $9.10. CBL & Associates Properties, Inc. has a 52-week low of $7.15 and a 52-week high of $14.30.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 12.62%. CBL & Associates Properties’s payout ratio is currently 179.66%.

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Several brokerages have weighed in on CBL. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research report on Monday, August 7th. Stifel Nicolaus began coverage on CBL & Associates Properties in a research report on Friday, July 14th. They issued a “hold” rating and a $8.25 target price on the stock. BidaskClub raised CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Barclays PLC reaffirmed a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a research report on Friday, June 23rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $11.00 target price 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 issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target 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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