Virtu KCG Holdings LLC acquired a new stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,634 shares of the real estate investment trust’s stock, valued at approximately $140,000.

A number of other institutional investors have also recently bought and sold shares of CBL. Prudential Financial Inc. increased its position in CBL & Associates Properties by 186.6% during the first quarter. Prudential Financial Inc. now owns 148,413 shares of the real estate investment trust’s stock valued at $1,416,000 after acquiring an additional 96,621 shares during the last quarter. Wellington Management Group LLP increased its position in CBL & Associates Properties by 105.8% during the first quarter. Wellington Management Group LLP now owns 649,916 shares of the real estate investment trust’s stock valued at $6,201,000 after acquiring an additional 334,096 shares during the last quarter. Teachers Advisors LLC increased its position in CBL & Associates Properties by 2.7% during the first quarter. Teachers Advisors LLC now owns 349,745 shares of the real estate investment trust’s stock valued at $3,337,000 after acquiring an additional 9,217 shares during the last quarter. Vanguard Group Inc. increased its position in CBL & Associates Properties by 5.5% during the first quarter. Vanguard Group Inc. now owns 34,755,930 shares of the real estate investment trust’s stock valued at $331,572,000 after acquiring an additional 1,803,571 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in CBL & Associates Properties by 21.7% during the first quarter. Geode Capital Management LLC now owns 2,541,636 shares of the real estate investment trust’s stock valued at $24,246,000 after acquiring an additional 452,803 shares during the last quarter. Institutional investors own 89.46% of the company’s stock.

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Shares of CBL & Associates Properties, Inc. (CBL) opened at 7.84 on Wednesday. The firm has a 50-day moving average price of $8.42 and a 200-day moving average price of $8.46. The stock has a market cap of $1.34 billion, a PE ratio of 13.33 and a beta of 1.18. CBL & Associates Properties, Inc. has a 12 month low of $7.14 and a 12 month high of $12.35.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a $0.265 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.06 annualized dividend and a dividend yield of 13.52%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 179.66%.

A number of research firms recently commented on CBL. Boenning Scattergood reiterated a “hold” rating on shares of CBL & Associates Properties in a research report on Monday, August 7th. Zacks Investment Research upgraded CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Stifel Nicolaus began coverage on CBL & Associates Properties in a research report on Friday, July 14th. They set a “hold” rating and a $8.25 price objective for the company. ValuEngine cut CBL & Associates Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub cut 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 given a buy rating to the company. CBL & Associates Properties has an average rating of “Hold” and an average price target of $10.22.

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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