CBL & Associates Properties, Inc. (CBL) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of CBL & Associates Properties, Inc. (NYSE:CBL) in a report issued on Friday, MarketBeat reports. The firm issued a hold rating and a $8.25 price target on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. BidaskClub upgraded shares of CBL & Associates Properties from a sell rating to a hold rating in a research report on Wednesday, June 28th. Barclays PLC restated a hold rating and set a $9.00 target price on shares of CBL & Associates Properties in a research report on Friday, June 23rd. Jefferies Group LLC restated a buy rating and set a $11.00 target price on shares of CBL & Associates Properties in a research report on Friday, June 16th. ValuEngine lowered shares of CBL & Associates Properties from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of CBL & Associates Properties from a hold rating to a sell rating in a research report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $10.84.

Shares of CBL & Associates Properties (NYSE CBL) traded up 0.23% during mid-day trading on Friday, hitting $8.73. 3,135,167 shares of the company were exchanged. CBL & Associates Properties has a 52 week low of $7.14 and a 52 week high of $14.30. The company has a 50 day moving average of $8.06 and a 200 day moving average of $9.64. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.30 and a beta of 1.16.

CBL & Associates Properties (NYSE:CBL) last announced its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $238.01 million during the quarter, compared to the consensus estimate of $244.76 million. CBL & Associates Properties had a return on equity of 9.98% and a net margin of 16.64%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Equities analysts anticipate that CBL & Associates Properties will post $0.60 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 12.14%. The ex-dividend date is Wednesday, June 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 149.30%.

Large investors have recently added to or reduced their stakes in the stock. Independent Portfolio Consultants Inc. increased its stake in CBL & Associates Properties by 28.0% in the first quarter. Independent Portfolio Consultants Inc. now owns 11,540 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,525 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CBL & Associates Properties by 10.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,881 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,163 shares during the last quarter. Eqis Capital Management Inc. increased its stake in CBL & Associates Properties by 18.2% in the first quarter. Eqis Capital Management Inc. now owns 11,959 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 1,843 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in CBL & Associates Properties by 29.6% in the first quarter. Daiwa Securities Group Inc. now owns 13,145 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,000 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in CBL & Associates Properties during the first quarter worth about $131,000. 89.47% of the stock is currently owned by institutional investors.

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.

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