HighTower Advisors LLC acquired a new position in 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 firm acquired 19,103 shares of the company's stock, valued at approximately $444,000.
Several other large investors also recently added to or reduced their stakes in CURB. GAMMA Investing LLC purchased a new stake in Curbline Properties in the fourth quarter valued at approximately $29,000. Pensionfund Sabic purchased a new stake in shares of Curbline Properties during the 4th quarter valued at $232,000. Perpetual Ltd purchased a new stake in shares of Curbline Properties during the 4th quarter valued at $438,000. Nisa Investment Advisors LLC bought a new stake in shares of Curbline Properties during the 4th quarter worth $811,000. Finally, SG Americas Securities LLC purchased a new position in Curbline Properties in the fourth quarter worth $316,000.
Curbline Properties Price Performance
CURB traded down $0.73 on Thursday, hitting $24.23. 909,896 shares of the company were exchanged, compared to its average volume of 753,064. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69. The stock's fifty day moving average price is $24.31.
Curbline Properties (NYSE:CURB - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. As a group, sell-side analysts anticipate that Curbline Properties will post 1 EPS for the current year.
Curbline Properties Cuts Dividend
The company 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 dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, March 14th.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on CURB shares. Morgan Stanley initiated coverage on Curbline Properties in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target for the company. Compass Point boosted their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Piper Sandler increased their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $25.82.
Check Out Our Latest Report on Curbline Properties
About Curbline Properties
(
Free Report)
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.
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