ValuEngine upgraded shares of CBL & Associates Properties, Inc. (NYSE:CBL) from a hold rating to a buy rating in a research note issued to investors on Monday.

CBL has been the subject of several other research reports. Jefferies Group LLC restated a buy rating and set a $11.00 price target on shares of CBL & Associates Properties in a report on Friday, June 16th. Barclays PLC reiterated a hold rating and set a $9.00 target price on shares of CBL & Associates Properties in a research report on Friday, June 23rd. BidaskClub upgraded CBL & Associates Properties from a sell rating to a hold rating in a research report on Wednesday, June 28th. Stifel Nicolaus began coverage on shares of CBL & Associates Properties in a report on Friday, July 14th. They issued a hold rating and a $8.25 target price for the company. Finally, Boenning Scattergood reissued a hold rating on shares of CBL & Associates Properties in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $10.39.

CBL & Associates Properties (CBL) opened at 8.40 on Monday. The company has a market capitalization of $1.44 billion, a PE ratio of 14.29 and a beta of 1.18. The firm’s 50-day moving average is $8.31 and its 200-day moving average is $8.60. CBL & Associates Properties has a 12 month low of $7.15 and a 12 month high of $12.35.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 dividend yield of 12.62%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 179.66%.

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in CBL & Associates Properties by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 130,548 shares of the real estate investment trust’s stock worth $1,101,000 after purchasing an additional 404 shares during the last quarter. Virginia Retirement Systems ET AL raised its holdings in shares of CBL & Associates Properties by 1.7% in the second quarter. Virginia Retirement Systems ET AL now owns 35,800 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 600 shares during the period. Utah Retirement Systems raised its holdings in shares of CBL & Associates Properties by 3.1% in the second quarter. Utah Retirement Systems now owns 29,838 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 acquiring an additional 1,027 shares during the last quarter. Finally, Mirador Capital Partners LP lifted its stake in shares of CBL & Associates Properties by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 28,289 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 1,188 shares during the last quarter. Institutional investors own 89.46% of the company’s stock.

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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