Intech Investment Management LLC Invests $761,000 in Curbline Properties (NYSE:CURB)

Intech Investment Management LLC bought a new position in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,780 shares of the company's stock, valued at approximately $761,000.

A number of other large investors have also made changes to their positions in CURB. GAMMA Investing LLC purchased a new position in Curbline Properties during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC purchased a new position in Curbline Properties during the fourth quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Curbline Properties during the fourth quarter valued at approximately $62,000. Vestcor Inc bought a new position in shares of Curbline Properties in the fourth quarter worth approximately $73,000. Finally, KBC Group NV purchased a new stake in shares of Curbline Properties in the fourth quarter worth $89,000.

Curbline Properties Trading Up 1.5 %

Curbline Properties stock traded up $0.35 during midday trading on Thursday, reaching $24.04. 653,741 shares of the stock traded hands, compared to its average volume of 712,020. The business's fifty day moving average price is $24.22. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69.

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 analysts' consensus estimates of $0.22 by $0.01. As a group, equities research analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

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Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be issued a $0.16 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.66%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Compass Point upped their price objective on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, 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 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.82.

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.