Evergreen Capital Management LLC acquired a new position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 447,625 shares of the real estate investment trust’s stock, valued at approximately $3,756,000. Evergreen Capital Management LLC owned 0.26% of CBL & Associates Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CBL. Piedmont Investment Advisors LLC purchased a new position in shares of CBL & Associates Properties in the second quarter valued at $312,000. Ray Gerald L & Associates Ltd. boosted its stake in shares of CBL & Associates Properties by 8.3% in the second quarter. Ray Gerald L & Associates Ltd. now owns 439,106 shares of the real estate investment trust’s stock valued at $3,701,000 after purchasing an additional 33,705 shares during the period. Comerica Bank boosted its stake in shares of CBL & Associates Properties by 45.5% in the second quarter. Comerica Bank now owns 414,176 shares of the real estate investment trust’s stock valued at $3,653,000 after purchasing an additional 129,570 shares during the period. PVG Asset Management Corp boosted its stake in shares of CBL & Associates Properties by 71.3% in the second quarter. PVG Asset Management Corp now owns 824,962 shares of the real estate investment trust’s stock valued at $6,954,000 after purchasing an additional 343,436 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of CBL & Associates Properties by 1,153.0% in the second quarter. BNP Paribas Arbitrage SA now owns 163,878 shares of the real estate investment trust’s stock valued at $1,381,000 after purchasing an additional 150,799 shares during the period. Institutional investors own 98.74% of the company’s stock.

CBL & Associates Properties, Inc. (NYSE CBL) traded down $0.06 during midday trading on Monday, reaching $5.69. 1,530,100 shares of the company’s stock were exchanged, compared to its average volume of 4,033,498. CBL & Associates Properties, Inc. has a 12-month low of $5.46 and a 12-month high of $12.34. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39. The company has a market cap of $973.57, a P/E ratio of 2.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.22.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid 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 yield of 14.06%. CBL & Associates Properties’s dividend payout ratio (DPR) is 165.63%.

CBL has been the subject of several analyst reports. Jefferies Group LLC downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Boenning Scattergood restated a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. Mizuho restated a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a research note on Monday, October 9th. Zacks Investment Research downgraded shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, ValuEngine downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. CBL & Associates Properties presently has an average rating of “Hold” and a consensus price target of $9.72.

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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.

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

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