Bluestein R H & Co. Reduces Holdings in CBL & Associates Properties, Inc. (CBL)

Bluestein R H & Co. lessened its stake in CBL & Associates Properties, Inc. (NYSE:CBL) by 25.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,350 shares of the real estate investment trust’s stock after selling 15,000 shares during the quarter. Bluestein R H & Co.’s holdings in CBL & Associates Properties were worth $364,000 at the end of the most recent reporting period.

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

Shares of CBL & Associates Properties, Inc. (CBL) opened at $5.68 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.39. CBL & Associates Properties, Inc. has a 1-year low of $5.46 and a 1-year high of $12.34. The firm has a market cap of $973.57, a price-to-earnings ratio of 2.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11.

The business also recently declared 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 yield of 14.08%. The ex-dividend date is Thursday, December 28th. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 165.63%.

A number of research analysts recently issued reports on CBL shares. BidaskClub lowered shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. ValuEngine lowered shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reiterated a “hold” rating on shares of CBL & Associates Properties in a research note on Wednesday, October 4th. Finally, Mizuho reiterated a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a research note on Monday, October 9th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.72.

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CBL & Associates Properties 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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