Greenwich Investment Management buys $5,295,353 stake in CBL & Associates Properties (CBL)

CBL & Associates Properties (CBL) : Greenwich Investment Management scooped up 161,455 additional shares in CBL & Associates Properties during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 444,241 shares of CBL & Associates Properties which is valued at $5,295,353.CBL & Associates Properties makes up approximately 5.32% of Greenwich Investment Management’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. added CBL to its portfolio by purchasing 75,100 company shares during the most recent quarter which is valued at $895,192. CBL & Associates Properties makes up approx 0.12% of Pacad Investment Ltd.’s portfolio. Cadence Capital Management added CBL to its portfolio by purchasing 39,820 company shares during the most recent quarter which is valued at $437,622. CBL & Associates Properties makes up approx 0.03% of Cadence Capital Management’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in CBL in the latest quarter, The investment management firm added 108,193 additional shares and now holds a total of 172,600 shares of CBL & Associates Properties which is valued at $1,867,532. CBL & Associates Properties makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.Bank Of Hawaii boosted its stake in CBL in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 50,925 shares of CBL & Associates Properties which is valued at $543,879. CBL & Associates Properties makes up approx 0.05% of Bank Of Hawaii’s portfolio.Breton Hill Capital Ltd. boosted its stake in CBL in the latest quarter, The investment management firm added 17,172 additional shares and now holds a total of 64,827 shares of CBL & Associates Properties which is valued at $760,421. CBL & Associates Properties makes up approx 0.23% of Breton Hill Capital Ltd.’s portfolio.

CBL & Associates Properties closed down -0.17 points or -1.45% at $11.56 with 13,08,166 shares getting traded on Monday. Post opening the session at $11.78, the shares hit an intraday low of $11.545 and an intraday high of $11.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CBL & Associates Properties reported $0.57 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.57. The company had revenue of $251.72 million for the quarter, compared to analysts expectations of $252.61 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on CBL & Associates Properties. Company shares were Reiterated by Barclays on Aug 30, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .CBL & Associates Properties was Upgraded by Jefferies to ” Buy” on Aug 29, 2016.

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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