CBL & Associates Properties, Inc. (CBL) Holdings Cut by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its position in CBL & Associates Properties, Inc. (NYSE:CBL) by 5.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 411,755 shares of the real estate investment trust’s stock after selling 23,564 shares during the period. Neuberger Berman Group LLC owned 0.24% of CBL & Associates Properties worth $3,455,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CBL & Associates Properties by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,908 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,027 shares during the last quarter. WFG Advisors LP bought a new stake in shares of CBL & Associates Properties in the second quarter valued at approximately $124,000. Bank of Montreal Can boosted its position in shares of CBL & Associates Properties by 152.2% in the second 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 during the period. Virtu KCG Holdings LLC bought a new stake in shares of CBL & Associates Properties in the second quarter valued at approximately $140,000. Finally, Shelton Capital Management bought a new stake in shares of CBL & Associates Properties in the second quarter valued at approximately $143,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Mizuho reissued a “hold” rating and issued a $9.00 price objective on shares of CBL & Associates Properties in a research report on Monday, October 9th. KeyCorp reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Wednesday, October 4th. ValuEngine raised CBL & Associates Properties from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Boenning Scattergood cut CBL & Associates Properties from a “neutral” rating to an “under perform” rating in a research report on Friday, November 3rd. Finally, Wells Fargo & Co cut CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a research report on Friday, November 3rd. Nine investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. CBL & Associates Properties currently has a consensus rating of “Sell” and an average price target of $8.64.

CBL & Associates Properties, Inc. (NYSE CBL) opened at $5.69 on Friday. The company has a market capitalization of $973.57, a price-to-earnings ratio of 9.03, a P/E/G ratio of 0.72 and a beta of 1.10. CBL & Associates Properties, Inc. has a 12-month low of $5.31 and a 12-month high of $11.25. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.53 and a quick ratio of 0.53.

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 annualized dividend and a yield of 14.06%. CBL & Associates Properties’s dividend payout ratio (DPR) is currently 126.98%.

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CBL & Associates Properties Company 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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