Prudential Financial Inc. increased its stake in CBL & Associates Properties, Inc. (NYSE:CBL) by 33.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 911,417 shares of the real estate investment trust’s stock after purchasing an additional 227,303 shares during the quarter. Prudential Financial Inc. owned approximately 0.53% of CBL & Associates Properties worth $7,647,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Forsta AP Fonden increased its holdings in shares of CBL & Associates Properties by 40.9% in the third quarter. Forsta AP Fonden now owns 145,400 shares of the real estate investment trust’s stock worth $1,220,000 after purchasing an additional 42,200 shares during the last quarter. ARP Americas LLC grew its position in CBL & Associates Properties by 216.5% in the third quarter. ARP Americas LLC now owns 46,927 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 32,100 shares in the last quarter. Boulegeris Investments Inc. grew its position in CBL & Associates Properties by 96.8% in the third quarter. Boulegeris Investments Inc. now owns 151,603 shares of the real estate investment trust’s stock worth $1,272,000 after acquiring an additional 74,578 shares in the last quarter. RMR Advisors LLC grew its position in CBL & Associates Properties by 59.5% in the third quarter. RMR Advisors LLC now owns 134,000 shares of the real estate investment trust’s stock worth $1,124,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in CBL & Associates Properties in the third quarter worth about $194,000. 98.74% of the stock is currently owned by institutional investors.

CBL & Associates Properties, Inc. (NYSE:CBL) opened at $5.69 on Friday. CBL & Associates Properties, Inc. has a 1 year low of $5.46 and a 1 year high of $12.34. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $983.83, a PE ratio of 2.61, a P/E/G ratio of 0.69 and a beta of 1.22.

The company 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 of this dividend is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.06%. CBL & Associates Properties’s dividend payout ratio is currently 165.63%.

A number of equities analysts recently commented on CBL shares. 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 reissued a “hold” rating on shares of CBL & Associates Properties in a research note on Monday, August 7th. Mizuho reissued a “hold” rating and issued a $9.00 price objective 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 CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. CBL & Associates Properties currently has an average rating of “Hold” and an average target price of $9.72.

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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.

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

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