American Century Companies Inc. Acquires Shares of 23,537 Curbline Properties (NYSE:CURB)

American Century Companies Inc. bought a new stake in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,537 shares of the company's stock, valued at approximately $547,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Curbline Properties during the fourth quarter worth $29,000. Pensionfund Sabic purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $232,000. Perpetual Ltd purchased a new position in Curbline Properties during the fourth quarter worth about $438,000. Nisa Investment Advisors LLC purchased a new stake in Curbline Properties in the 4th quarter valued at about $811,000. Finally, SG Americas Securities LLC purchased a new position in shares of Curbline Properties in the 4th quarter worth approximately $316,000.

Curbline Properties Stock Performance

Curbline Properties stock traded up $0.31 during midday trading on Thursday, reaching $23.05. 71,088 shares of the stock were exchanged, compared to its average volume of 757,103. The company's fifty day moving average is $23.80 and its 200-day moving average is $23.71. 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. As a group, analysts expect that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 14th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.78%. The ex-dividend date was Friday, March 14th.

Analyst Ratings Changes

A number of analysts recently commented on CURB shares. Compass Point lifted their price target on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler lifted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley initiated coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.82.

Curbline Properties Company 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.