Boulegeris Investments Inc. increased its holdings in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 96.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,603 shares of the real estate investment trust’s stock after purchasing an additional 74,578 shares during the quarter. CBL & Associates Properties accounts for approximately 0.7% of Boulegeris Investments Inc.’s portfolio, making the stock its 25th biggest position. Boulegeris Investments Inc. owned about 0.09% of CBL & Associates Properties worth $1,272,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CBL. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CBL & Associates Properties by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,027 shares in the last quarter. WFG Advisors LP acquired a new position in CBL & Associates Properties in the 2nd quarter valued at about $124,000. ARP Americas LLC acquired a new position in CBL & Associates Properties in the 2nd quarter valued at about $125,000. Daiwa Securities Group Inc. grew its position in CBL & Associates Properties by 19.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 15,645 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Bank of Montreal Can grew its position in CBL & Associates Properties by 152.2% in the 2nd quarter. Bank of Montreal Can now owns 15,899 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 9,594 shares in the last quarter. 89.46% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on CBL shares. Boenning Scattergood reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research report on Monday, August 7th. Mizuho reaffirmed a “hold” rating and issued a $9.00 target price on shares of CBL & Associates Properties in a research report on Monday, October 9th. ValuEngine downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday, October 4th. Finally, BidaskClub downgraded CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.22.

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CBL & Associates Properties, Inc. (NYSE CBL) traded down 0.13% during trading on Wednesday, reaching $7.83. The company had a trading volume of 1,221,212 shares. CBL & Associates Properties, Inc. has a 12 month low of $7.14 and a 12 month high of $12.35. The stock has a 50 day moving average price of $8.42 and a 200 day moving average price of $8.46. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.32 and a beta of 1.18.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.265 per share. The ex-dividend date was Friday, September 29th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 13.52%. CBL & Associates Properties’s dividend payout ratio is 179.66%.

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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