Tfs Capital buys $3,463,508 stake in CBL & Associates Properties (CBL)

CBL & Associates Properties (CBL) : Tfs Capital scooped up 238,553 additional shares in CBL & Associates Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 275,757 shares of CBL & Associates Properties which is valued at $3,463,508.CBL & Associates Properties makes up approximately 0.60% of Tfs Capital’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in CBL by selling 261,943 shares or 30.66% in the most recent quarter. The Hedge Fund company now holds 592,409 shares of CBL which is valued at $7,440,657. CBL & Associates Properties makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio. Dynamic Technology Lab Private Ltd added CBL to its portfolio by purchasing 69,022 company shares during the most recent quarter which is valued at $866,916. CBL & Associates Properties makes up approx 0.22% of Dynamic Technology Lab Private Ltd’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in CBL in the latest quarter, The investment management firm added 17,840 additional shares and now holds a total of 64,407 shares of CBL & Associates Properties which is valued at $801,867. CBL & Associates Properties makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Cable Hill Partners boosted its stake in CBL in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 237 shares of CBL & Associates Properties which is valued at $2,894.

CBL & Associates Properties opened for trading at $12.85 and hit $12.939 on the upside on Tuesday, eventually ending the session at $12.89, with a gain of 0.78% or 0.1 points. The heightened volatility saw the trading volume jump to 14,85,920 shares. Company has a market cap of $2,202 M.

On the company’s financial health, CBL & Associates Properties reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.56. The company had revenue of $254.97 million for the quarter, compared to analysts expectations of $253.66 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on CBL & Associates Properties. Company shares were Reiterated by Mizuho on Aug 15, 2016 to “Neutral”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .KeyBanc Capital Mkts Upgraded CBL & Associates Properties on Jul 15, 2016 to ” Overweight”, Price Target of the shares are set at $15.Shares were Reiterated by Mizuho on May 26, 2016 to “Neutral” and Lowered the Price Target to $ 10.50 from a previous price target of $12 .

CBL & Associates Properties Inc. (CBL) is a self-managed self-administered fully integrated real estate investment trust (REIT). The Company owns develops acquires leases manages and operates regional shopping malls open-air centers outlet centers associated centers community centers and office properties. Its properties are located in 27 states but are primarily in the southeastern and midwestern United States. It is the 100% owner of two qualified REIT subsidiaries CBL Holdings I Inc. and CBL Holdings II Inc. As of December 31 2014 the Company owned a controlling interest in 72 Malls and non-controlling interests in 9 Malls; a controlling interest in 25 Associated Centers and a non-controlling interest in four Associated Centers; a controlling interest in six Community Centers and a non-controlling interest in five Community Centers and a controlling interest in eight Office Buildings and a non-controlling interest in five Office Buildings.

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