Shares of CBL & Associates Properties, Inc. (NYSE:CBL) have been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.29.

A number of equities analysts have issued reports on CBL shares. Hilliard Lyons cut CBL & Associates Properties to a “buy” rating and lowered their target price for the stock from $19.00 to $17.50 in a report on Thursday, May 4th. ValuEngine upgraded shares of CBL & Associates Properties from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 11th. Boenning Scattergood upgraded shares of CBL & Associates Properties from an “underperform” rating to a “neutral” rating in a research note on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $13.00 target price on shares of CBL & Associates Properties in a research note on Monday, May 22nd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $6.00 target price (down from $10.00) on shares of CBL & Associates Properties in a research note on Saturday, June 3rd.

A number of large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CBL & Associates Properties by 8.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,027 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of 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 valued at $110,000 after buying an additional 2,525 shares during the period. Eqis Capital Management Inc. increased its stake in shares of 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 valued at $114,000 after buying an additional 1,843 shares during the period. WFG Advisors LP bought a new stake in shares of CBL & Associates Properties during the second quarter valued at about $124,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of 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 valued at $125,000 after buying an additional 3,000 shares during the period.

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Shares of CBL & Associates Properties (CBL) traded down 0.37% during mid-day trading on Tuesday, hitting $8.09. The stock had a trading volume of 1,994,742 shares. CBL & Associates Properties has a 12-month low of $7.14 and a 12-month high of $14.30. The company has a 50 day moving average price of $8.57 and a 200 day moving average price of $8.93. The firm has a market cap of $1.38 billion, a P/E ratio of 13.76 and a beta of 1.17.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.06 annualized dividend and a yield of 13.10%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 179.66%.

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.

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

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