APG Asset Management US Inc. Trims Stock Holdings in Curbline Properties (NYSE:CURB)

APG Asset Management US Inc. reduced its stake in shares of Curbline Properties (NYSE:CURB - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 654,348 shares of the company's stock after selling 114,520 shares during the period. APG Asset Management US Inc. owned 0.62% of Curbline Properties worth $15,194,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Amundi purchased a new position in Curbline Properties during the 4th quarter valued at approximately $1,194,000. Nisa Investment Advisors LLC purchased a new stake in Curbline Properties in the 4th quarter valued at about $811,000. Rhumbline Advisers bought a new position in Curbline Properties in the fourth quarter worth approximately $6,986,000. Corebridge Financial Inc. bought a new stake in shares of Curbline Properties in the fourth quarter valued at about $1,174,000. Finally, Victory Capital Management Inc. bought a new position in Curbline Properties in the fourth quarter worth approximately $25,977,000.

Curbline Properties Stock Performance

Shares of Curbline Properties stock traded up $0.04 on Monday, reaching $22.65. 178,330 shares of the company were exchanged, compared to its average volume of 764,012. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The stock's 50 day moving average is $23.90.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. On average, sell-side analysts predict that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently declared 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 dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, March 14th.

Analyst Upgrades and Downgrades

CURB has been the topic of several research analyst reports. Piper Sandler boosted their target price on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Morgan Stanley began coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target on the stock. Finally, Compass Point boosted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Curbline Properties has an average rating of "Hold" and an average price target of $25.82.

About Curbline Properties

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.