HL Financial Services LLC lessened its stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 234,750 shares of the real estate investment trust’s stock after selling 23,189 shares during the period. HL Financial Services LLC owned 0.14% of CBL & Associates Properties worth $1,970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBL. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 worth $109,000 after purchasing an additional 1,027 shares during the last quarter. WFG Advisors LP purchased a new stake in CBL & Associates Properties during the 2nd quarter valued at about $124,000. ARP Americas LLC purchased a new stake in CBL & Associates Properties during the 2nd quarter valued at about $125,000. Daiwa Securities Group Inc. grew its stake in CBL & Associates Properties by 19.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in 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 acquiring an additional 9,594 shares in the last quarter. Hedge funds and other institutional investors own 89.39% of the company’s stock.

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Several analysts have recently weighed in on CBL shares. ValuEngine raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Mizuho reissued a “hold” rating and issued a $9.00 price target on shares of CBL & Associates Properties in a research note on Monday, October 9th. KeyCorp reissued a “hold” rating on shares of CBL & Associates Properties in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.72.

CBL & Associates Properties, Inc. (NYSE:CBL) traded up $0.29 during trading on Friday, reaching $6.12. 6,255,700 shares of the company’s stock were exchanged, compared to its average volume of 5,884,517. The firm has a market cap of $1,047.14, a price-to-earnings ratio of 2.78, a PEG ratio of 0.72 and a beta of 1.22. CBL & Associates Properties, Inc. has a 12 month low of $5.46 and a 12 month high of $12.34. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.57 and a current ratio of 0.53.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 13.07%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 165.63%.

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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