R.M.SINCERBEAUX Capital Management LLC Purchases 3,000 Shares of CBL & Associates Properties, Inc. (CBL)

R.M.SINCERBEAUX Capital Management LLC increased its position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,349 shares of the real estate investment trust’s stock after acquiring an additional 3,000 shares during the period. R.M.SINCERBEAUX Capital Management LLC’s holdings in CBL & Associates Properties were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in CBL. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CBL & Associates Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 1,027 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in shares of CBL & Associates Properties by 18.2% during the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 1,843 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of CBL & Associates Properties by 29.6% during the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 3,000 shares in the last quarter. ARP Americas LLC purchased a new stake in shares of CBL & Associates Properties during the second quarter worth $125,000. Finally, Bank of Montreal Can raised its holdings in shares of CBL & Associates Properties by 152.2% during the second quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 9,594 shares in the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.

WARNING: “R.M.SINCERBEAUX Capital Management LLC Purchases 3,000 Shares of CBL & Associates Properties, Inc. (CBL)” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://sportsperspectives.com/2017/09/12/r-m-sincerbeaux-capital-management-llc-purchases-3000-shares-of-cbl-associates-properties-inc-cbl.html.

CBL has been the subject of several recent research reports. Boenning Scattergood upgraded CBL & Associates Properties from an “underperform” rating to a “neutral” rating in a report on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and set a $13.00 price objective on shares of CBL & Associates Properties in a report on Monday, May 22nd. ValuEngine lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley reiterated an “underweight” rating and set a $6.00 price objective (down from $10.00) on shares of CBL & Associates Properties in a report on Saturday, June 3rd. Finally, Barclays PLC reiterated a “hold” rating and set a $9.00 price objective on shares of CBL & Associates Properties in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. CBL & Associates Properties has a consensus rating of “Hold” and a consensus price target of $10.39.

CBL & Associates Properties, Inc. (CBL) traded up 0.61% during midday trading on Tuesday, reaching $8.30. The company had a trading volume of 458,059 shares. The firm has a market capitalization of $1.42 billion, a P/E ratio of 14.12 and a beta of 1.16. CBL & Associates Properties, Inc. has a one year low of $7.14 and a one year high of $13.24. The stock’s 50 day moving average price is $8.47 and its 200-day moving average price is $8.74.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a $0.265 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.06 annualized dividend and a yield of 12.85%. CBL & Associates Properties’s dividend payout ratio is currently 179.66%.

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.

Institutional Ownership by Quarter for CBL & Associates Properties (NYSE:CBL)

Receive News & Ratings for CBL & Associates Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBL & Associates Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply