CBL & Associates Properties, Inc. (CBL) Shares Bought by BlackRock Investment Management LLC

BlackRock Investment Management LLC increased its position in CBL & Associates Properties, Inc. (NYSE:CBL) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 696,502 shares of the real estate investment trust’s stock after buying an additional 3,516 shares during the period. BlackRock Investment Management LLC owned approximately 0.41% of CBL & Associates Properties worth $8,456,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of CBL & Associates Properties by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,390,585 shares of the real estate investment trust’s stock worth $22,256,000 after buying an additional 50,780 shares during the period. Systematic Financial Management LP boosted its stake in shares of CBL & Associates Properties by 21.8% in the second quarter. Systematic Financial Management LP now owns 167,225 shares of the real estate investment trust’s stock worth $1,556,000 after buying an additional 29,985 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of CBL & Associates Properties by 35.1% in the second quarter. Teacher Retirement System of Texas now owns 523,437 shares of the real estate investment trust’s stock worth $4,873,000 after buying an additional 135,994 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of CBL & Associates Properties by 1.2% in the second quarter. UBS Asset Management Americas Inc. now owns 325,864 shares of the real estate investment trust’s stock worth $3,034,000 after buying an additional 3,772 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of CBL & Associates Properties during the second quarter worth approximately $331,000. Institutional investors own 95.61% of the company’s stock.

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

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) traded up 1.27% during midday trading on Wednesday, hitting $11.14. 669,451 shares of the company were exchanged. The company has a 50-day moving average price of $11.68 and a 200-day moving average price of $11.79. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 53.05 and a beta of 1.32. CBL & Associates Properties, Inc. has a 52-week low of $8.86 and a 52-week high of $14.30.

CBL & Associates Properties (NYSE:CBL) last issued its earnings results on Thursday, October 27th. The real estate investment trust reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $251.72 million for the quarter, compared to analyst estimates of $252.31 million. CBL & Associates Properties had a net margin of 7.81% and a return on equity of 4.18%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. On average, analysts forecast that CBL & Associates Properties, Inc. will post $0.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Friday, December 30th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.06 annualized dividend and a dividend yield of 9.64%. CBL & Associates Properties’s payout ratio is currently 504.76%.

COPYRIGHT VIOLATION WARNING: “CBL & Associates Properties, Inc. (CBL) Shares Bought by BlackRock Investment Management LLC” was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2017/01/11/cbl-associates-properties-inc-cbl-shares-bought-by-blackrock-investment-management-llc.html.

CBL has been the subject of a number of recent research reports. BTIG Research initiated coverage on shares of CBL & Associates Properties in a research report on Tuesday, January 3rd. They issued a “neutral” rating for the company. TheStreet cut shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. Citigroup Inc. cut shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $11.00 target price for the company. in a research report on Tuesday, December 13th. Jefferies Group reiterated a “buy” rating on shares of CBL & Associates Properties in a research report on Tuesday, September 13th. Finally, Zacks Investment Research cut shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.56.

CBL & Associates Properties Company Profile

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). 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.

5 Day Chart for NYSE:CBL

What are top analysts saying about CBL & Associates Properties Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CBL & Associates Properties Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit