Shares of CBL & Associates Properties, Inc. (NYSE:CBL) hit a new 52-week low on Monday . The company traded as low as $1.35 and last traded at $1.36, with a volume of 47600 shares. The stock had previously closed at $1.46.

A number of analysts have weighed in on the company. Zacks Investment Research cut CBL & Associates Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. ValuEngine raised CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Wells Fargo & Co reaffirmed a “sell” rating on shares of CBL & Associates Properties in a research report on Tuesday, February 12th. Barclays reaffirmed a “hold” rating and issued a $3.00 price target on shares of CBL & Associates Properties in a research report on Thursday, March 14th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating on shares of CBL & Associates Properties in a research report on Monday, February 11th. Seven analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus price target of $3.29.

The stock has a market capitalization of $249.52 million, a price-to-earnings ratio of 0.80, a PEG ratio of -0.28 and a beta of 1.43.

CBL & Associates Properties (NYSE:CBL) last posted its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. CBL & Associates Properties had a negative return on equity of 6.84% and a negative net margin of 9.33%. The business had revenue of $216.90 million during the quarter, compared to analysts’ expectations of $216.50 million. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year. Research analysts predict that CBL & Associates Properties, Inc. will post 1.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Monday, April 1st will be given a dividend of $0.075 per share. The ex-dividend date is Friday, March 29th. This represents a $0.30 annualized dividend and a dividend yield of 21.58%. CBL & Associates Properties’s dividend payout ratio is presently 17.34%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in CBL & Associates Properties by 7.2% during the third quarter. Wells Fargo & Company MN now owns 360,132 shares of the real estate investment trust’s stock valued at $1,438,000 after acquiring an additional 24,057 shares during the period. Macquarie Group Ltd. increased its stake in CBL & Associates Properties by 18.3% during the third quarter. Macquarie Group Ltd. now owns 127,800 shares of the real estate investment trust’s stock valued at $510,000 after acquiring an additional 19,800 shares during the period. Zweig DiMenna Associates LLC increased its stake in CBL & Associates Properties by 18.8% during the fourth quarter. Zweig DiMenna Associates LLC now owns 896,038 shares of the real estate investment trust’s stock valued at $1,720,000 after acquiring an additional 141,530 shares during the period. Greenwich Investment Management Inc. increased its stake in CBL & Associates Properties by 4.2% during the fourth quarter. Greenwich Investment Management Inc. now owns 727,066 shares of the real estate investment trust’s stock valued at $1,396,000 after acquiring an additional 29,255 shares during the period. Finally, Paradigm Asset Management Co. LLC bought a new position in CBL & Associates Properties during the third quarter valued at about $54,000. 77.92% of the stock is owned by institutional investors and hedge funds.

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About CBL & Associates Properties (NYSE:CBL)

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL's portfolio is comprised of 115 properties totaling 71.5 million square feet across 26 states, including 72 high-quality enclosed, outlet and open-air retail centers and 11 properties managed for third parties.

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