Alliancebernstein L.P. Purchases New Stake in Curbline Properties (NYSE:CURB)

Alliancebernstein L.P. acquired a new position in shares of Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 132,947 shares of the company's stock, valued at approximately $3,087,000. Alliancebernstein L.P. owned approximately 0.13% of Curbline Properties as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CURB. Vanguard Group Inc. purchased a new position in Curbline Properties in the fourth quarter worth $343,497,000. Daiwa Securities Group Inc. acquired a new position in shares of Curbline Properties in the fourth quarter valued at about $47,214,000. Charles Schwab Investment Management Inc. acquired a new position in Curbline Properties in the 4th quarter worth approximately $39,792,000. JPMorgan Chase & Co. purchased a new position in shares of Curbline Properties during the fourth quarter worth $28,313,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Curbline Properties during the 4th quarter valued at about $25,977,000.

Curbline Properties Stock Performance

CURB traded up $0.42 during midday trading on Friday, hitting $23.16. 747,205 shares of the company traded hands, compared to its average volume of 761,958. The business has a 50 day simple moving average of $23.73 and a two-hundred day simple moving average of $23.72. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Equities analysts anticipate that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 14th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Friday, March 14th.

Analyst Upgrades and Downgrades

Several research firms have commented on CURB. Piper Sandler upped their price objective on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Compass Point increased their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley started coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $25.82.

Curbline Properties Profile

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.