CBL & Associates Properties, Inc. (CBL) Shares Sold by Fmr LLC

Fmr LLC cut its stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 15.3% during the fourth quarter, Holdings Channel reports. The fund owned 4,587,968 shares of the real estate investment trust’s stock after selling 826,455 shares during the period. Fmr LLC’s holdings in CBL & Associates Properties were worth $52,762,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in CBL & Associates Properties by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,041,554 shares of the real estate investment trust’s stock valued at $73,344,000 after buying an additional 28,714 shares during the period. State Street Corp increased its stake in CBL & Associates Properties by 1.0% in the fourth quarter. State Street Corp now owns 5,688,733 shares of the real estate investment trust’s stock valued at $65,418,000 after buying an additional 58,894 shares during the period. BlackRock Fund Advisors increased its stake in CBL & Associates Properties by 10.7% in the third quarter. BlackRock Fund Advisors now owns 5,456,613 shares of the real estate investment trust’s stock valued at $66,243,000 after buying an additional 525,476 shares during the period. Northern Trust Corp increased its stake in CBL & Associates Properties by 0.8% in the third quarter. Northern Trust Corp now owns 4,787,851 shares of the real estate investment trust’s stock valued at $58,124,000 after buying an additional 38,584 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in CBL & Associates Properties by 359.1% in the third quarter. JPMorgan Chase & Co. now owns 3,417,354 shares of the real estate investment trust’s stock valued at $41,486,000 after buying an additional 2,673,068 shares during the period. Institutional investors and hedge funds own 94.92% of the company’s stock.

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

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) opened at 9.62 on Tuesday. CBL & Associates Properties, Inc. has a 52-week low of $8.86 and a 52-week high of $14.30. The company has a market capitalization of $1.65 billion, a P/E ratio of 12.83 and a beta of 1.27. The stock’s 50 day moving average is $10.18 and its 200 day moving average is $11.40.

CBL & Associates Properties (NYSE:CBL) last posted its earnings results on Wednesday, February 1st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.45. CBL & Associates Properties had a return on equity of 10.25% and a net margin of 16.81%. The business earned $258.49 million during the quarter, compared to analyst estimates of $262.42 million. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities analysts expect that CBL & Associates Properties, Inc. will post $0.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Thursday, March 30th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Tuesday, March 28th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 11.02%. CBL & Associates Properties’s dividend payout ratio (DPR) is currently 141.33%.

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Several equities research analysts have weighed in on CBL shares. BTIG Research started coverage on shares of CBL & Associates Properties in a research note on Tuesday, January 3rd. They issued a “neutral” rating for the company. Citigroup Inc downgraded shares of CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $11.00 price target for the company. in a research note on Tuesday, December 13th. Zacks Investment Research downgraded shares of CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. TheStreet raised shares of CBL & Associates Properties from a “d+” rating to a “c” rating in a research note on Wednesday, February 1st. Finally, Barclays PLC decreased their price target on shares of CBL & Associates Properties from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, January 23rd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.79.

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

Want to see what other hedge funds are holding CBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBL & Associates Properties, Inc. (NYSE:CBL).

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