Howard Grody Sells Shares of CBL & Associates Properties
Howard Grody, Executive VP-Leasing, sold 5,728 shares of CBL & Associates on June 18, 2026.
Key Points
- Howard Grody, Executive VP-Leasing at CBL, sold 5,728 shares for $275,147 on June 18, 2026.
- Shares of CBL & Associates traded near $47.4 on Monday, with a market cap of $1.47 billion.
- Vanguard Portfolio and Vanguard Capital opened new positions in CBL, while State Street Corp increased its stake by 31.5%.
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Howard Grody, Executive Vice President of Leasing at CBL & Associates Properties, Inc. (NYSE:CBL), sold 5,728 shares on June 18, 2026. The shares were sold at an average price of $48.04, totaling approximately $275,148. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at CBL & Associates Properties, Inc.
Howard Grody wasn't the only insider making moves at CBL & Associates. On June 5, 2026, David Michael Fields sold 3,592 shares at $47.97 each. Earlier, on June 2, 2026, Benjamin Jaenicke, the Executive Vice President and Chief Financial Officer, sold 6,500 shares at an average price of $48.46. These sales suggest active insider trading within the company.
Other Institutional Activity in CBL & Associates Properties
Canyon Capital Advisors LLC held steady with its position in CBL, maintaining 8,466,294 shares valued at about $325.36 million. Oaktree Capital Management LP, however, trimmed its holdings by 363,859 shares, a 14.5% decrease, bringing its total to 2,153,717 shares worth $82.77 million. BlackRock, Inc. added 66,308 shares, a 3.9% increase, ending with 1,787,622 shares valued at around $68.70 million. Notably, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 791,452 and 674,333 shares, respectively.
CBL & Associates Properties, Inc. Stock Down 9.9%
On Monday, shares of CBL & Associates Properties traded near $47.40. The company has a market capitalization of approximately $1.47 billion. Its P/E ratio stands at 8.54, while its forward P/E is not meaningful due to negative earnings projections. The stock's beta is 1.46, indicating higher volatility compared to the market. Over the past year, CBL's stock has ranged from a low of $25.11 to a high of $50.98. The 50-day moving average is $46.07, with a 200-day moving average of $37.40.
$CBL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
CBL & Associates reported revenue of $582.57 million, reflecting growth of 3%. The company's net margin is 29.81%, and its return on equity is 51.42%. Earnings per share (EPS) is $5.55. The next earnings report is expected on August 5, 2026.
Dividend
CBL & Associates pays an annual dividend of $2.50 per share, yielding 5.27%. The dividend payout ratio is 31.53%, making it a relatively sustainable dividend.
Analysts Set New Price Targets
On June 10, 2026, Ladenburg Thalmann maintained its "buy" rating for CBL & Associates with a price target of $55. The consensus among analysts is a "strong buy," with a mean target price of $57.50 based on two analyst opinions.
About CBL & Associates Properties, Inc.
CBL & Associates Properties, Inc. is a real estate investment trust (REIT) specializing in retail properties. The company owns and manages 88 properties, including enclosed malls and lifestyle centers, across 23 states. Headquartered in Chattanooga, Tennessee, the company is led by CEO Stephen D. Lebovitz and employs around 408 people.
Bottom Line
Howard Grody's recent sale of shares in CBL & Associates Properties is part of a broader pattern of insider transactions at the company. Investors track these moves to gauge insider sentiment. Meanwhile, institutional activity shows mixed confidence, with some funds increasing their stakes while others trim them. As always, remember that 13F filings and insider trades are backward-looking and may not reflect current positions.
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