Shares of CBL & Associates Properties, Inc. (NYSE:CBL) have earned a consensus recommendation of “Sell” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $6.96.

CBL has been the subject of a number of research analyst reports. ValuEngine downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reiterated an “underperform” rating on shares of CBL & Associates Properties in a research report on Thursday, December 21st. KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday, October 4th. Raymond James Financial downgraded shares of CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Wednesday, December 20th. Finally, Hilliard Lyons downgraded shares of CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a research report on Friday, November 3rd.

Shares of CBL & Associates Properties (NYSE:CBL) traded up $0.08 during trading hours on Monday, hitting $5.71. 2,141,319 shares of the company traded hands, compared to its average volume of 4,730,000. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. The stock has a market cap of $976.99, a P/E ratio of 9.06, a PEG ratio of 0.71 and a beta of 1.10. CBL & Associates Properties has a fifty-two week low of $5.31 and a fifty-two week high of $11.82.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.01%. CBL & Associates Properties’s dividend payout ratio is currently 126.98%.

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CBL & Associates Properties by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,027 shares in the last quarter. WFG Advisors LP bought a new position in shares of CBL & Associates Properties during the 2nd quarter valued at $124,000. Bank of Montreal Can raised its holdings in shares of CBL & Associates Properties by 152.2% during the 2nd quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 9,594 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of CBL & Associates Properties during the 2nd quarter valued at $140,000. Finally, Shelton Capital Management bought a new position in shares of CBL & Associates Properties during the 2nd quarter valued at $143,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

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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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