OxFORD Asset Management LLP Purchases New Stake in CBL & Associates Properties, Inc. (CBL)

OxFORD Asset Management LLP purchased a new position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 730,758 shares of the real estate investment trust’s stock, valued at approximately $6,065,000. OxFORD Asset Management LLP owned approximately 0.43% of CBL & Associates Properties at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CBL. BlackRock Inc. grew its position in CBL & Associates Properties by 63.2% during the second quarter. BlackRock Inc. now owns 25,196,153 shares of the real estate investment trust’s stock worth $212,402,000 after buying an additional 9,758,738 shares in the last quarter. Forward Management LLC acquired a new stake in CBL & Associates Properties during the second quarter worth approximately $25,165,000. Denver Investment Advisors LLC grew its position in CBL & Associates Properties by 136.6% during the second quarter. Denver Investment Advisors LLC now owns 3,696,445 shares of the real estate investment trust’s stock worth $31,161,000 after buying an additional 2,134,359 shares in the last quarter. Brookfield Asset Management Inc. grew its position in CBL & Associates Properties by 12.7% during the second quarter. Brookfield Asset Management Inc. now owns 14,811,925 shares of the real estate investment trust’s stock worth $124,865,000 after buying an additional 1,665,655 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in CBL & Associates Properties by 6,402.3% during the second quarter. Principal Financial Group Inc. now owns 1,322,120 shares of the real estate investment trust’s stock worth $11,146,000 after buying an additional 1,301,787 shares in the last quarter. 95.84% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a report on Monday, August 7th. BidaskClub downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Mizuho reaffirmed a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a report on Monday, October 9th. KeyCorp reaffirmed a “hold” rating on shares of CBL & Associates Properties in a report on Wednesday, October 4th. Finally, ValuEngine raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.72.

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) opened at $5.76 on Tuesday. The firm has a market capitalization of $961.59, a price-to-earnings ratio of 2.55, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. CBL & Associates Properties, Inc. has a twelve month low of $5.46 and a twelve 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio is presently 165.63%.

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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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