Charles Schwab Investment Management Inc. Takes $39.79 Million Position in Curbline Properties (NYSE:CURB)

Charles Schwab Investment Management Inc. purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,713,683 shares of the company's stock, valued at approximately $39,792,000. Charles Schwab Investment Management Inc. owned about 1.63% of Curbline Properties as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC acquired a new position in shares of Curbline Properties during the 4th quarter valued at about $31,000. Aew Capital Management L P acquired a new position in Curbline Properties during the fourth quarter worth approximately $14,179,000. Metis Global Partners LLC purchased a new position in Curbline Properties during the fourth quarter worth approximately $251,000. Fisher Asset Management LLC acquired a new position in Curbline Properties in the fourth quarter valued at $13,777,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Curbline Properties during the fourth quarter valued at about $333,000.

Curbline Properties Stock Performance

Shares of CURB traded down $0.01 during midday trading on Wednesday, hitting $23.88. The company had a trading volume of 557,614 shares, compared to its average volume of 568,698. Curbline Properties has a 52 week low of $18.80 and a 52 week high of $25.69. The firm has a 50 day moving average price of $24.18.

Curbline Properties (NYSE:CURB - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. As a group, sell-side analysts expect that Curbline Properties will post 1 earnings per share for the current fiscal year.

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Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.68%.

Analyst Upgrades and Downgrades

CURB has been the subject of a number of research reports. Compass Point boosted their target price 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 upped their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley started 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 on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.