Carroll Financial Associates Inc. decreased its holdings in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,100 shares of the real estate investment trust’s stock after selling 13,870 shares during the period. Carroll Financial Associates Inc. owned approximately 0.09% of CBL & Associates Properties worth $237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of CBL & Associates Properties by 2.2% during the fourth quarter. BlackRock Inc. now owns 29,701,312 shares of the real estate investment trust’s stock worth $57,026,000 after buying an additional 648,458 shares during the period. Vanguard Group Inc lifted its position in CBL & Associates Properties by 1.3% in the third quarter. Vanguard Group Inc now owns 25,690,730 shares of the real estate investment trust’s stock valued at $102,506,000 after purchasing an additional 326,710 shares during the period. Vanguard Group Inc. lifted its position in CBL & Associates Properties by 1.3% in the third quarter. Vanguard Group Inc. now owns 25,690,730 shares of the real estate investment trust’s stock valued at $102,506,000 after purchasing an additional 326,710 shares during the period. Bank of New York Mellon Corp lifted its position in CBL & Associates Properties by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 3,851,881 shares of the real estate investment trust’s stock valued at $15,369,000 after purchasing an additional 116,409 shares during the period. Finally, Mackenzie Financial Corp lifted its position in CBL & Associates Properties by 63.1% in the fourth quarter. Mackenzie Financial Corp now owns 3,172,300 shares of the real estate investment trust’s stock valued at $6,091,000 after purchasing an additional 1,227,300 shares during the period. Institutional investors and hedge funds own 77.92% of the company’s stock.

Shares of NYSE:CBL opened at $1.19 on Friday. CBL & Associates Properties, Inc. has a 52 week low of $1.15 and a 52 week high of $6.26. The stock has a market capitalization of $206.42 million, a P/E ratio of 0.69, a PEG ratio of -0.27 and a beta of 1.43.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 1st were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $0.30 dividend on an annualized basis and a yield of 25.21%. CBL & Associates Properties’s dividend payout ratio (DPR) is presently 17.34%.

A number of brokerages recently commented on CBL. Barclays restated a “hold” rating and issued a $2.00 price objective on shares of CBL & Associates Properties in a research report on Tuesday, April 16th. ValuEngine upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Wells Fargo & Co restated a “sell” rating on shares of CBL & Associates Properties in a research report on Tuesday, February 12th. Stifel Nicolaus restated a “neutral” rating on shares of CBL & Associates Properties in a research report on Monday, February 11th. Finally, Zacks Investment Research upgraded shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Seven investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. CBL & Associates Properties currently has an average rating of “Sell” and an average price target of $3.13.

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CBL & Associates Properties Company Profile

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

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