Rational Advisors LLC lowered its position in CBL & Associates Properties, Inc. (NYSE:CBL) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 234,640 shares of the real estate investment trust’s stock after selling 7,060 shares during the period. CBL & Associates Properties accounts for 1.2% of Rational Advisors LLC’s portfolio, making the stock its 19th largest position. Rational Advisors LLC’s holdings in CBL & Associates Properties were worth $1,978,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of CBL & Associates Properties by 5,739.4% in the first quarter. BlackRock Inc. now owns 15,437,415 shares of the real estate investment trust’s stock worth $147,273,000 after buying an additional 15,173,049 shares during the period. Forward Management LLC bought a new position in shares of CBL & Associates Properties during the second quarter worth about $25,165,000. Vanguard Group Inc. boosted its position in shares of CBL & Associates Properties by 5.5% in the first quarter. Vanguard Group Inc. now owns 34,755,930 shares of the real estate investment trust’s stock worth $331,572,000 after buying an additional 1,803,571 shares during the period. Norges Bank bought a new position in shares of CBL & Associates Properties during the fourth quarter worth about $16,442,000. Finally, Adams Asset Advisors LLC boosted its position in shares of CBL & Associates Properties by 191.6% in the second quarter. Adams Asset Advisors LLC now owns 1,276,448 shares of the real estate investment trust’s stock worth $10,760,000 after buying an additional 838,703 shares during the period. Hedge funds and other institutional investors own 90.50% of the company’s stock.

CBL & Associates Properties, Inc. (NYSE CBL) opened at 8.40 on Friday. The stock’s 50 day moving average price is $8.66 and its 200 day moving average price is $9.10. The company has a market cap of $1.44 billion, a PE ratio of 14.29 and a beta of 1.17. CBL & Associates Properties, Inc. has a 12-month low of $7.15 and a 12-month high of $14.30.

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.06 annualized dividend and a yield of 12.62%. CBL & Associates Properties’s dividend payout ratio is currently 179.66%.

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CBL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Boenning Scattergood upgraded CBL & Associates Properties from an “underperform” rating to a “neutral” rating in a report on Monday, May 15th. Hilliard Lyons cut CBL & Associates Properties to a “buy” rating and reduced their target price for the stock from $19.00 to $17.50 in a report on Thursday, May 4th. ValuEngine upgraded CBL & Associates Properties from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 11th. Finally, Barclays PLC restated a “hold” rating and set a $9.00 target price on shares of CBL & Associates Properties in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. CBL & Associates Properties currently has a consensus 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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