Franklin Resources Inc. Acquires New Position in Curbline Properties (NYSE:CURB)

Franklin Resources Inc. acquired a new stake in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 223,015 shares of the company's stock, valued at approximately $5,178,000. Franklin Resources Inc. owned about 0.21% of Curbline Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. purchased a new position in Curbline Properties during the fourth quarter worth $3,087,000. Wellington Management Group LLP bought a new stake in shares of Curbline Properties in the 4th quarter worth about $948,000. Pictet Asset Management Holding SA purchased a new position in shares of Curbline Properties during the 4th quarter worth about $648,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of Curbline Properties during the 4th quarter worth about $2,894,000. Finally, Norges Bank bought a new position in Curbline Properties during the 4th quarter valued at about $12,446,000.

Curbline Properties Stock Performance

Shares of Curbline Properties stock traded up $0.00 during trading on Wednesday, hitting $22.79. 57,945 shares of the stock traded hands, compared to its average volume of 759,347. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69. The stock's fifty day simple moving average is $23.83 and its 200 day simple moving average is $23.71.

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. On average, equities research analysts expect 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. Stockholders of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.81%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Compass Point boosted 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. Morgan Stanley assumed coverage on Curbline Properties in a report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price objective for the company. Finally, Piper Sandler increased 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Curbline Properties has a consensus rating of "Hold" and an average target price of $25.82.

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.