CBL & Associates Properties, Inc. (NYSE:CBL) Position Held by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ held its position in shares of CBL & Associates Properties, Inc. (NYSE:CBL) during the first quarter, Holdings Channel reports. The institutional investor owned 122,400 shares of the real estate investment trust’s stock at the end of the first quarter. Skandinaviska Enskilda Banken AB publ’s holdings in CBL & Associates Properties were worth $1,168,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of CBL & Associates Properties by 5,739.4% in the first quarter. BlackRock Inc. now owns 15,437,415 shares of the real estate investment trust’s stock valued at $147,273,000 after buying an additional 15,173,049 shares during the period. Vanguard Group Inc. raised its position in shares of CBL & Associates Properties by 5.5% in 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 buying an additional 1,803,571 shares during the period. Norges Bank purchased a new position in shares of CBL & Associates Properties during the fourth quarter valued at $16,442,000. Henderson Group PLC purchased a new position in shares of CBL & Associates Properties during the first quarter valued at $5,182,000. Finally, PVG Asset Management Corp purchased a new position in shares of CBL & Associates Properties during the first quarter valued at $4,594,000. 89.46% of the stock is currently owned by institutional investors.

CBL & Associates Properties, Inc. (CBL) opened at 8.29 on Monday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 11.68 and a beta of 1.16. The company has a 50-day moving average price of $8.06 and a 200-day moving average price of $9.64. CBL & Associates Properties, Inc. has a 1-year low of $7.14 and a 1-year high of $14.30.

CBL & Associates Properties (NYSE:CBL) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $238.01 million during the quarter, compared to the consensus estimate of $244.76 million. CBL & Associates Properties had a net margin of 16.64% and a return on equity of 9.98%. During the same period in the previous year, the firm earned $0.56 EPS. On average, equities research analysts predict that CBL & Associates Properties, Inc. will post $0.60 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.06 dividend on an annualized basis and a yield of 12.79%. CBL & Associates Properties’s payout ratio is currently 149.30%.

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CBL has been the topic of several research reports. Zacks Investment Research raised CBL & Associates Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. Boenning Scattergood raised CBL & Associates Properties from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. ValuEngine raised CBL & Associates Properties from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 11th. Morgan Stanley reissued an “underweight” rating and issued a $6.00 price objective (down from $10.00) on shares of CBL & Associates Properties in a research report on Saturday, June 3rd. Finally, Hilliard Lyons lowered CBL & Associates Properties to a “buy” rating and cut their price objective for the company from $19.00 to $17.50 in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $11.93.

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.

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

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