CBL & Associates Properties, Inc. (CBL) Stake Lowered by Strs Ohio

Strs Ohio decreased its position in CBL & Associates Properties, Inc. (NYSE:CBL) by 13.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 265,689 shares of the real estate investment trust’s stock after selling 41,821 shares during the period. Strs Ohio owned approximately 0.16% of CBL & Associates Properties worth $2,239,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CBL. Independent Portfolio Consultants Inc. boosted its position in CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 worth $113,000 after buying an additional 1,163 shares during the period. Eqis Capital Management Inc. boosted its position in 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 worth $114,000 after buying an additional 1,843 shares during the period. Daiwa Securities Group Inc. boosted its position in CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,000 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in CBL & Associates Properties during the first quarter worth $131,000. 90.50% of the stock is currently owned by institutional investors and hedge funds.

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

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

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A number of research firms have recently weighed in on CBL. BidaskClub raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus began coverage on shares of CBL & Associates Properties in a research note on Friday, July 14th. They set a “hold” rating and a $8.25 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of CBL & Associates Properties in a research note on Friday, June 16th. ValuEngine cut shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Barclays PLC reaffirmed a “hold” rating and set a $9.00 price target on shares of CBL & Associates Properties in a research note on Friday, June 23rd. 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 stock 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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