CBL & Associates Properties (CBL) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its position in CBL & Associates Properties (NYSE:CBL) by 42.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,770 shares of the real estate investment trust’s stock after selling 94,673 shares during the quarter. D.A. Davidson & CO.’s holdings in CBL & Associates Properties were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in CBL & Associates Properties by 176.0% in the first quarter. SG Americas Securities LLC now owns 70,633 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 45,045 shares during the last quarter. Alps Advisors Inc. boosted its holdings in CBL & Associates Properties by 165.1% in the first quarter. Alps Advisors Inc. now owns 105,143 shares of the real estate investment trust’s stock valued at $438,000 after acquiring an additional 65,480 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in CBL & Associates Properties by 5.7% in the first quarter. Wells Fargo & Company MN now owns 320,535 shares of the real estate investment trust’s stock valued at $1,337,000 after acquiring an additional 17,335 shares during the last quarter. Meitav Dash Investments Ltd. acquired a new position in CBL & Associates Properties in the fourth quarter valued at $414,000. Finally, MetLife Investment Advisors LLC acquired a new position in CBL & Associates Properties in the fourth quarter valued at $363,000. Hedge funds and other institutional investors own 81.65% of the company’s stock.

A number of brokerages recently weighed in on CBL. Zacks Investment Research cut CBL & Associates Properties from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. ValuEngine cut CBL & Associates Properties from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Boenning Scattergood set a $4.00 target price on CBL & Associates Properties and gave the company a “sell” rating in a report on Monday, April 30th. BTIG Research reiterated a “hold” rating on shares of CBL & Associates Properties in a report on Sunday, April 29th. Finally, TheStreet cut CBL & Associates Properties from a “c-” rating to a “d” rating in a report on Thursday, April 26th. Ten research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. CBL & Associates Properties presently has a consensus rating of “Sell” and a consensus target price of $4.56.

Shares of CBL & Associates Properties opened at $4.30 on Friday, according to MarketBeat. The stock has a market cap of $732.09 million, a price-to-earnings ratio of 2.07, a P/E/G ratio of -0.81 and a beta of 1.14. CBL & Associates Properties has a 12 month low of $4.22 and a 12 month high of $4.34. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.51 and a current ratio of 0.51.

CBL & Associates Properties (NYSE:CBL) last issued its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.48). The company had revenue of $220.20 million for the quarter, compared to analyst estimates of $215.60 million. CBL & Associates Properties had a return on equity of 5.59% and a net margin of 9.65%. equities research analysts predict that CBL & Associates Properties will post 1.75 earnings per share for the current fiscal year.

CBL & Associates Properties Company Profile

Headquartered in Chattanooga, TN, CBL is one of the largest and most active owners and developers of malls and shopping centers in the United States. CBL owns, holds interests in or manages 119 properties, including 76 regional malls/open-air centers. The properties are located in 27 states and total 74.4 million square feet including 6.2 million square feet of non-owned shopping centers managed for third parties.

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

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