Bank of New York Mellon Corp Makes New Investment in Curbline Properties (NYSE:CURB)

Bank of New York Mellon Corp purchased a new position in shares of Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 689,607 shares of the company's stock, valued at approximately $16,013,000. Bank of New York Mellon Corp owned about 0.66% of Curbline Properties as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Curbline Properties during the 4th quarter worth approximately $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Curbline Properties during the 4th quarter worth approximately $62,000. KBC Group NV acquired a new position in Curbline Properties during the 4th quarter worth approximately $89,000. Y Intercept Hong Kong Ltd acquired a new position in Curbline Properties during the 4th quarter worth approximately $216,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Curbline Properties during the 4th quarter worth approximately $219,000.

Curbline Properties Trading Up 3.6 %

CURB opened at $24.19 on Wednesday. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The firm has a fifty day simple moving average of $24.13.

Curbline Properties (NYSE:CURB - Get Free Report) last posted 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. As a group, equities analysts expect that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, March 14th.

Wall Street Analyst Weigh In

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

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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.

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