Royce & Associates LP Has $2.44 Million Holdings in CBL & Associates Properties, Inc. (CBL)

Royce & Associates LP raised its holdings in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 290,535 shares of the real estate investment trust’s stock after acquiring an additional 90,535 shares during the quarter. Royce & Associates LP owned approximately 0.17% of CBL & Associates Properties worth $2,438,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of CBL & Associates Properties by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 130,548 shares of the real estate investment trust’s stock worth $1,101,000 after acquiring an additional 404 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of CBL & Associates Properties by 1.7% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 35,800 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 600 shares in the last quarter. Utah Retirement Systems boosted its position in shares of CBL & Associates Properties by 3.1% during the 2nd quarter. Utah Retirement Systems now owns 29,838 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CBL & Associates Properties by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its position in shares of CBL & Associates Properties by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 28,289 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 1,188 shares in the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on CBL. ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group reaffirmed an “underperform” rating on shares of CBL & Associates Properties in a research report on Thursday, December 21st. KeyCorp reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday, October 4th. Hilliard Lyons cut CBL & Associates Properties from a “long-term buy” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, Bank of America cut CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 target price for the company. in a research report on Friday, November 3rd. Nine research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average price target of $8.81.

Shares of CBL & Associates Properties, Inc. (CBL) traded down $0.04 during midday trading on Friday, hitting $5.69. The company had a trading volume of 1,830,002 shares, compared to its average volume of 4,610,000. The firm has a market cap of $973.57, a PE ratio of 9.03, a PEG ratio of 0.72 and a beta of 1.10. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.39. CBL & Associates Properties, Inc. has a 1 year low of $5.31 and a 1 year high of $11.25.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.06%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 126.98%.

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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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