Daiwa Securities Group Inc. Buys Shares of 2,033,334 Curbline Properties (NYSE:CURB)

Daiwa Securities Group Inc. purchased a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,033,334 shares of the company's stock, valued at approximately $47,214,000. Daiwa Securities Group Inc. owned approximately 1.94% of Curbline Properties at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CURB. Nisa Investment Advisors LLC purchased a new position in shares of Curbline Properties during the 4th quarter valued at approximately $811,000. Rhumbline Advisers acquired a new position in Curbline Properties during the fourth quarter worth $6,986,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Curbline Properties during the fourth quarter valued at $377,000. Principal Financial Group Inc. acquired a new stake in shares of Curbline Properties in the fourth quarter valued at about $12,606,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Curbline Properties in the fourth quarter valued at about $316,000.

Wall Street Analysts Forecast Growth

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

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Curbline Properties Trading Down 4.0 %

CURB stock traded down $0.97 during mid-day trading on Thursday, reaching $23.22. The company's stock had a trading volume of 445,129 shares, compared to its average volume of 712,746. The company's 50 day moving average price is $24.15. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. As a group, equities analysts forecast that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.76%.

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.