Nuveen Fund Advisors LLC Sells 50 Shares of CBL & Associates Properties, Inc. (CBL), Report finds

Nuveen Fund Advisors LLC Sells 50 Shares of CBL & Associates Properties, Inc. (CBL), Report finds

Nuveen Fund Advisors LLC lowered its stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 12,590 shares of the real estate investment trust’s stock after selling 50 shares during the period. Nuveen Fund Advisors LLC’s holdings in CBL & Associates Properties were worth $153,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of Hawaii raised its stake in CBL & Associates Properties by 0.3% in the third quarter. Bank of Hawaii now owns 50,925 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 130 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in CBL & Associates Properties by 3.5% in the third quarter. BlackRock Japan Co. Ltd now owns 8,269 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 279 shares during the last quarter. Globeflex Capital L P raised its stake in CBL & Associates Properties by 1.0% in the second quarter. Globeflex Capital L P now owns 165,802 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 1,561 shares during the last quarter. Utah Retirement Systems raised its stake in CBL & Associates Properties by 9.8% in the third quarter. Utah Retirement Systems now owns 22,438 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 2,000 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in CBL & Associates Properties by 1.0% in the third quarter. California State Teachers Retirement System now owns 357,544 shares of the real estate investment trust’s stock worth $4,341,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 95.91% of the company’s stock.

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) traded up 0.09% during midday trading on Wednesday, reaching $10.58. The company had a trading volume of 2,135,429 shares. The company’s 50 day moving average price is $10.95 and its 200-day moving average price is $11.83. The company has a market capitalization of $1.81 billion, a P/E ratio of 14.11 and a beta of 1.27. CBL & Associates Properties, Inc. has a 52 week low of $8.86 and a 52 week high of $14.30.

CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings data on Wednesday, February 1st. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.45. The company had revenue of $258.49 million for the quarter, compared to analyst estimates of $262.42 million. CBL & Associates Properties had a return on equity of 10.25% and a net margin of 16.81%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, equities research analysts predict that CBL & Associates Properties, Inc. will post $0.70 earnings per share for the current fiscal year.

A number of research firms have weighed in on CBL. TheStreet upgraded CBL & Associates Properties from a “d+” rating to a “c” rating in a research note on Wednesday, February 1st. Zacks Investment Research lowered CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Citigroup Inc. lowered CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research note on Tuesday, December 13th. Barclays PLC reduced their target price on CBL & Associates Properties from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, January 23rd. Finally, BTIG Research began coverage on CBL & Associates Properties in a research note on Tuesday, January 3rd. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. CBL & Associates Properties currently has an average rating of “Hold” and an average target price of $13.06.

About CBL & Associates Properties

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). 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.

Want to see what other hedge funds are holding CBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBL & Associates Properties, Inc. (NYSE:CBL).

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Nuveen Fund Advisors LLC Sells 50 Shares of CBL & Associates Properties, Inc. (CBL)

Nuveen Fund Advisors LLC Sells 50 Shares of CBL & Associates Properties, Inc. (CBL)

Nuveen Fund Advisors LLC lowered its stake in shares of CBL & Associates Properties, Inc. (NYSE:CBL) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 12,590 shares of the real estate investment trust’s stock after selling 50 shares during the period. Nuveen Fund Advisors LLC’s holdings in CBL & Associates Properties were worth $153,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of Hawaii raised its stake in CBL & Associates Properties by 0.3% in the third quarter. Bank of Hawaii now owns 50,925 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 130 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in CBL & Associates Properties by 3.5% in the third quarter. BlackRock Japan Co. Ltd now owns 8,269 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 279 shares during the last quarter. Globeflex Capital L P raised its stake in CBL & Associates Properties by 1.0% in the second quarter. Globeflex Capital L P now owns 165,802 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 1,561 shares during the last quarter. Utah Retirement Systems raised its stake in CBL & Associates Properties by 9.8% in the third quarter. Utah Retirement Systems now owns 22,438 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 2,000 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in CBL & Associates Properties by 1.0% in the third quarter. California State Teachers Retirement System now owns 357,544 shares of the real estate investment trust’s stock worth $4,341,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 95.91% of the company’s stock.

Shares of CBL & Associates Properties, Inc. (NYSE:CBL) traded up 0.09% during midday trading on Wednesday, reaching $10.58. The company had a trading volume of 2,135,429 shares. The company’s 50 day moving average price is $10.95 and its 200-day moving average price is $11.83. The company has a market capitalization of $1.81 billion, a P/E ratio of 14.11 and a beta of 1.27. CBL & Associates Properties, Inc. has a 52 week low of $8.86 and a 52 week high of $14.30.

CBL & Associates Properties (NYSE:CBL) last released its quarterly earnings data on Wednesday, February 1st. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.45. The company had revenue of $258.49 million for the quarter, compared to analyst estimates of $262.42 million. CBL & Associates Properties had a return on equity of 10.25% and a net margin of 16.81%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, equities research analysts predict that CBL & Associates Properties, Inc. will post $0.70 earnings per share for the current fiscal year.

A number of research firms have weighed in on CBL. TheStreet upgraded CBL & Associates Properties from a “d+” rating to a “c” rating in a research note on Wednesday, February 1st. Zacks Investment Research lowered CBL & Associates Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Citigroup Inc. lowered CBL & Associates Properties from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research note on Tuesday, December 13th. Barclays PLC reduced their target price on CBL & Associates Properties from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, January 23rd. Finally, BTIG Research began coverage on CBL & Associates Properties in a research note on Tuesday, January 3rd. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. CBL & Associates Properties currently has an average rating of “Hold” and an average target price of $13.06.

About CBL & Associates Properties

CBL & Associates Properties, Inc (CBL) is a self-managed, self-administered, integrated real estate investment trust (REIT). 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.

Want to see what other hedge funds are holding CBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBL & Associates Properties, Inc. (NYSE:CBL).

Related posts

Leave a Comment