Thrivent Financial For Lutherans lowered its position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 53.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,609 shares of the real estate investment trust’s stock after selling 158,320 shares during the period. Thrivent Financial For Lutherans owned approximately 0.08% of CBL & Associates Properties worth $1,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CBL & Associates Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,027 shares in the last quarter. ARP Americas LLC bought a new stake in shares of CBL & Associates Properties during the second quarter valued at approximately $125,000. Daiwa Securities Group Inc. increased its position in shares of CBL & Associates Properties by 19.0% during the second 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. Bank of Montreal Can increased its position in shares of CBL & Associates Properties by 152.2% during the second 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. Finally, Eqis Capital Management Inc. increased its position in shares of CBL & Associates Properties by 34.3% during the second quarter. Eqis Capital Management Inc. now owns 16,058 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 4,099 shares in the last quarter. 89.46% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the stock. KeyCorp reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday. Boenning Scattergood reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Monday, August 7th. ValuEngine raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, BidaskClub downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.39.

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Shares of CBL & Associates Properties, Inc. (NYSE:CBL) opened at 8.49 on Thursday. The company has a market cap of $1.45 billion, a P/E ratio of 14.44 and a beta of 1.18. The firm has a 50-day moving average of $8.31 and a 200-day moving average of $8.59. CBL & Associates Properties, Inc. has a 52-week low of $7.15 and a 52-week high of $12.35.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.06 dividend on an annualized basis and a yield of 12.49%. CBL & Associates Properties’s payout ratio is 179.66%.

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.

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

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