Shares of CBL & Associates Properties, Inc. (NYSE:CBL) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.80.

Several research firms recently weighed in on CBL. Zacks Investment Research cut CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Mizuho cut CBL & Associates Properties from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 8th. Jefferies Group cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Friday, November 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $7.50 price objective on shares of CBL & Associates Properties in a research note on Friday, November 3rd.

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of CBL & Associates Properties by 1.0% in the second quarter. Vanguard Group Inc. now owns 35,109,341 shares of the real estate investment trust’s stock valued at $295,972,000 after acquiring an additional 353,411 shares in the last quarter. BlackRock Inc. lifted its position in shares of CBL & Associates Properties by 63.2% in the second quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock valued at $212,402,000 after acquiring an additional 9,758,738 shares in the last quarter. Brookfield Asset Management Inc. lifted its position in shares of CBL & Associates Properties by 12.7% in the second quarter. Brookfield Asset Management Inc. now owns 14,811,925 shares of the real estate investment trust’s stock valued at $124,865,000 after acquiring an additional 1,665,655 shares in the last quarter. State Street Corp lifted its position in shares of CBL & Associates Properties by 16.1% in the second quarter. State Street Corp now owns 6,874,361 shares of the real estate investment trust’s stock valued at $57,954,000 after acquiring an additional 952,473 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of CBL & Associates Properties by 10.2% in the second quarter. Northern Trust Corp now owns 4,354,255 shares of the real estate investment trust’s stock valued at $36,706,000 after acquiring an additional 403,257 shares in the last quarter. 95.84% of the stock is currently owned by institutional investors.

CBL & Associates Properties (NYSE:CBL) traded down $0.06 during mid-day trading on Thursday, reaching $5.39. The company had a trading volume of 3,302,474 shares, compared to its average volume of 4,083,107. The stock has a market capitalization of $971.86, a PE ratio of 2.58, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. CBL & Associates Properties has a 12-month low of $5.36 and a 12-month high of $12.34. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.53 and a current ratio of 0.53.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 14.84%. The ex-dividend date of this dividend is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is 165.63%.

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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.

Analyst Recommendations for CBL & Associates Properties (NYSE:CBL)

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