Denver Investment Advisors LLC boosted its position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 136.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,696,445 shares of the real estate investment trust’s stock after buying an additional 2,134,359 shares during the period. CBL & Associates Properties accounts for about 1.4% of Denver Investment Advisors LLC’s portfolio, making the stock its 6th largest position. Denver Investment Advisors LLC’s holdings in CBL & Associates Properties were worth $31,161,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in CBL. Independent Portfolio Consultants Inc. raised 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 worth $110,000 after buying an additional 2,525 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 last quarter. Eqis Capital Management Inc. raised 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 worth $114,000 after buying an additional 1,843 shares during the last quarter. Daiwa Securities Group Inc. raised 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 worth $125,000 after buying an additional 3,000 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of CBL & Associates Properties during the first quarter worth approximately $131,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBL & Associates Properties, Inc. (CBL) opened at 8.58 on Tuesday. The stock’s 50 day moving average price is $8.67 and its 200 day moving average price is $9.06. CBL & Associates Properties, Inc. has a 12-month low of $7.14 and a 12-month high of $14.30. The company has a market cap of $1.47 billion, a P/E ratio of 14.59 and a beta of 1.17.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date was Wednesday, June 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 179.66%.

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A number of brokerages have recently commented on CBL. Boenning Scattergood reissued a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. BidaskClub raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine lowered CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus initiated coverage on CBL & Associates Properties in a research note on Friday, July 14th. They issued a “hold” rating and a $8.25 price objective on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of CBL & Associates Properties in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. CBL & Associates Properties currently has an average rating of “Hold” and a consensus price target of $10.84.

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.

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

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