CBL & Associates Properties, Inc. (CBL) Shares Sold by Strs Ohio

Strs Ohio decreased its stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 13.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 265,689 shares of the real estate investment trust’s stock after selling 41,821 shares during the period. Strs Ohio’s holdings in CBL & Associates Properties were worth $2,239,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CBL. Independent Portfolio Consultants Inc. boosted its position 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 valued at $110,000 after buying an additional 2,525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 valued at $113,000 after buying an additional 1,163 shares during the period. Eqis Capital Management Inc. boosted its position 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 valued at $114,000 after buying an additional 1,843 shares during the period. Daiwa Securities Group Inc. boosted its position 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 valued at $125,000 after buying an additional 3,000 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in CBL & Associates Properties during the first quarter valued at $131,000. 90.50% of the stock is currently owned by institutional investors.

Shares of CBL & Associates Properties, Inc. (NYSE CBL) opened at 8.89 on Thursday. CBL & Associates Properties, Inc. has a one year low of $7.15 and a one year high of $14.30. The stock’s 50 day moving average price is $8.65 and its 200 day moving average price is $9.12. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.52 and a beta of 1.17.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.265 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.06 dividend on an annualized basis and a yield of 11.92%. CBL & Associates Properties’s dividend payout ratio is 179.66%.

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CBL has been the topic of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of CBL & Associates Properties in a research note on Monday, May 22nd. Hilliard Lyons cut CBL & Associates Properties to a “buy” rating and lowered their target price for the company from $19.00 to $17.50 in a research note on Thursday, May 4th. BidaskClub raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research note on Monday. Finally, ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. CBL & Associates Properties presently has an average rating of “Hold” and a consensus price target of $10.84.

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

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