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

D.A. Davidson & CO. reduced its position in CBL & Associates Properties (NYSE:CBL) by 42.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,770 shares of the real estate investment trust’s stock after selling 94,673 shares during the period. D.A. Davidson & CO. owned about 0.07% of CBL & Associates Properties worth $537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its stake in CBL & Associates Properties by 176.0% in the 1st quarter. SG Americas Securities LLC now owns 70,633 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 45,045 shares in the last quarter. Alps Advisors Inc. increased its position in CBL & Associates Properties by 165.1% during the first quarter. Alps Advisors Inc. now owns 105,143 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 65,480 shares in the last quarter. Wells Fargo & Company MN increased its position in CBL & Associates Properties by 5.7% during the first quarter. Wells Fargo & Company MN now owns 320,535 shares of the real estate investment trust’s stock worth $1,337,000 after buying an additional 17,335 shares in the last quarter. Meitav Dash Investments Ltd. purchased a new position in CBL & Associates Properties during the fourth quarter worth $414,000. Finally, MetLife Investment Advisors LLC purchased a new position in CBL & Associates Properties during the fourth quarter worth $363,000. 81.65% of the stock is owned by hedge funds and other institutional investors.

CBL stock opened at $4.30 on Friday. CBL & Associates Properties has a 52-week low of $4.22 and a 52-week 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. The firm has a market cap of $732.09 million, a PE ratio of 2.07, a price-to-earnings-growth ratio of -0.81 and a beta of 1.14.

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

Several equities analysts have weighed in on CBL shares. TheStreet downgraded CBL & Associates Properties from a “c-” rating to a “d” rating in a research report on Thursday, April 26th. Barclays reissued an “equal weight” rating and set a $5.00 price target (down previously from $6.00) on shares of CBL & Associates Properties in a research report on Wednesday, March 14th. BTIG Research reissued a “hold” rating on shares of CBL & Associates Properties in a research report on Sunday, April 29th. Stifel Nicolaus dropped their price target on CBL & Associates Properties from $5.00 to $4.25 and set a “hold” rating for the company in a research report on Friday, April 27th. Finally, Zacks Investment Research raised CBL & Associates Properties from a “strong sell” rating to a “hold” rating in a research report on Friday, April 20th. Ten investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Sell” and an average price target of $4.56.

CBL & Associates Properties 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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