Thrivent Financial For Lutherans Raises Holdings in CBL & Associates Properties, Inc. (CBL)

Thrivent Financial For Lutherans raised its stake in CBL & Associates Properties, Inc. (NYSE:CBL) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,251 shares of the real estate investment trust’s stock after purchasing an additional 12,922 shares during the period. Thrivent Financial For Lutherans owned approximately 0.09% of CBL & Associates Properties worth $879,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Asset Management One Co. Ltd. boosted its holdings in CBL & Associates Properties by 2.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 386,444 shares of the real estate investment trust’s stock valued at $3,367,000 after purchasing an additional 10,218 shares during the period. Bank of Montreal Can boosted its holdings in CBL & Associates Properties by 74.5% in the 4th quarter. Bank of Montreal Can now owns 30,524 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 13,032 shares during the period. First Allied Advisory Services Inc. boosted its holdings in CBL & Associates Properties by 24.5% in the 3rd quarter. First Allied Advisory Services Inc. now owns 66,905 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 13,157 shares during the period. MML Investors Services LLC bought a new stake in CBL & Associates Properties in the 4th quarter valued at $116,000. Finally, SG Americas Securities LLC boosted its holdings in CBL & Associates Properties by 185.4% in the 3rd quarter. SG Americas Securities LLC now owns 34,458 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 22,383 shares during the period. 79.78% of the stock is owned by hedge funds and other institutional investors.

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CBL has been the subject of a number of research reports. ValuEngine downgraded shares of CBL & Associates Properties from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Morgan Stanley reaffirmed an “underweight” rating and set a $4.75 price objective on shares of CBL & Associates Properties in a report on Thursday, December 14th. Jefferies Group reaffirmed a “sell” rating and set a $3.00 price objective on shares of CBL & Associates Properties in a report on Friday, February 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $6.00 price objective on shares of CBL & Associates Properties in a report on Friday, January 12th. Finally, Raymond James Financial downgraded shares of CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company has a consensus rating of “Sell” and an average price target of $6.47.

CBL stock opened at $4.33 on Friday. The company has a market cap of $747.55, a PE ratio of 9.62, a PEG ratio of -0.82 and a beta of 1.17. CBL & Associates Properties, Inc. has a 1-year low of $4.00 and a 1-year high of $10.11. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 3.42.

CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.41. CBL & Associates Properties had a net margin of 13.04% and a return on equity of 8.14%. The company had revenue of $235.30 million during the quarter, compared to the consensus estimate of $246.46 million. During the same period last year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was down 9.0% compared to the same quarter last year. research analysts anticipate that CBL & Associates Properties, Inc. will post 1.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 18.48%. The ex-dividend date is Wednesday, March 28th. CBL & Associates Properties’s dividend payout ratio is currently 177.78%.

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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.

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

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