Geode Capital Management LLC Purchases Shares of 2,363,563 Curbline Properties (NYSE:CURB)

Geode Capital Management LLC bought a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,363,563 shares of the company's stock, valued at approximately $54,894,000. Geode Capital Management LLC owned 2.25% of Curbline Properties as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CURB. GAMMA Investing LLC purchased a new stake in shares of Curbline Properties in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties during the fourth quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Curbline Properties in the 4th quarter worth about $62,000. Vestcor Inc acquired a new stake in Curbline Properties during the 4th quarter worth about $73,000. Finally, KBC Group NV purchased a new position in Curbline Properties during the 4th quarter valued at about $89,000.

Analyst Ratings Changes

Several analysts recently commented on the stock. Compass Point raised their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler lifted 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 began coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price target 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.82.

Curbline Properties Stock Up 1.9 %

Shares of Curbline Properties stock traded up $0.42 during midday trading on Friday, reaching $23.16. 747,205 shares of the company's stock traded hands, compared to its average volume of 761,958. Curbline Properties has a 52 week low of $20.16 and a 52 week high of $25.69. The company's 50 day simple moving average is $23.73 and its 200 day simple moving average is $23.70.

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

Curbline Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.76%.

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.