CBL & Associates Properties Inc. (NYSE:CBL)’s share price fell 2.2% during trading on Tuesday . The stock traded as low as $12.57 and last traded at $12.60, with a volume of 851,701 shares changing hands. The stock had previously closed at $12.88.

Several brokerages have commented on CBL. Goldman Sachs Group Inc. reaffirmed a “hold” rating and issued a $10.50 price objective on shares of CBL & Associates Properties in a research report on Thursday, June 2nd. Jefferies Group reissued a “buy” rating on shares of CBL & Associates Properties in a research report on Tuesday, September 13th. Barclays PLC increased their price target on CBL & Associates Properties from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 30th. Mizuho increased their price target on CBL & Associates Properties from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, August 15th. Finally, Canaccord Genuity reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.61.

The firm’s 50 day moving average price is $12.97 and its 200 day moving average price is $11.51. The company has a market cap of $2.13 billion, a P/E ratio of 29.00 and a beta of 1.70.

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CBL & Associates Properties (NYSE:CBL) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Zacks’ 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 quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect that CBL & Associates Properties Inc. will post $2.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.06 dividend on an annualized basis and a yield of 8.50%. CBL & Associates Properties’s dividend payout ratio is currently 252.38%.

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 worth $122,000 after buying an additional 197 shares in the last quarter. Gerstein Fisher increased its stake in CBL & Associates Properties by 1.6% in the second quarter. Gerstein Fisher now owns 13,203 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 209 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 worth $382,000 after buying an additional 369 shares in the last quarter. Wellington Management Group LLP increased its stake in CBL & Associates Properties by 0.5% in the first quarter. Wellington Management Group LLP now owns 126,816 shares of the real estate investment trust’s stock worth $1,509,000 after buying an additional 586 shares in the last quarter. Finally, Springbok Capital Management LLC increased its stake in CBL & Associates Properties by 8.7% in the first quarter. Springbok Capital Management LLC now owns 10,410 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 830 shares in the last quarter. Institutional investors own 92.62% of the company’s stock.

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.

5 Day Chart for NYSE:CBL

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