Edgestream Partners L.P. Purchases New Holdings in Curbline Properties (NYSE:CURB)

Edgestream Partners L.P. purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,204 shares of the company's stock, valued at approximately $632,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $39,792,000. Victory Capital Management Inc. bought a new stake in shares of Curbline Properties during the 4th quarter valued at about $25,977,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Curbline Properties during the 4th quarter valued at about $18,320,000. Bank of New York Mellon Corp bought a new stake in shares of Curbline Properties during the 4th quarter valued at about $16,013,000. Finally, abrdn plc bought a new stake in shares of Curbline Properties during the 4th quarter valued at about $16,081,000.

Analyst Ratings Changes

Several brokerages recently commented on CURB. Morgan Stanley began coverage on Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price on the stock. Compass Point upped their target price on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Piper Sandler increased their price target on Curbline Properties from $28.00 to $31.00 and gave the stock 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.82.

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Curbline Properties Stock Performance

NYSE:CURB traded up $0.10 on Friday, hitting $23.34. The stock had a trading volume of 703,449 shares, compared to its average volume of 710,707. The company's fifty day moving average price is $24.14. 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 data 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, equities analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, March 14th.

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.