Invesco Ltd. Makes New $10.18 Million Investment in Curbline Properties (NYSE:CURB)

Invesco Ltd. bought a new stake in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 438,539 shares of the company's stock, valued at approximately $10,183,000. Invesco Ltd. owned about 0.42% of Curbline Properties at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CURB. Amundi acquired a new position in shares of Curbline Properties in the fourth quarter valued at approximately $1,194,000. Nisa Investment Advisors LLC acquired a new stake in shares of Curbline Properties during the 4th quarter valued at approximately $811,000. Rhumbline Advisers purchased a new stake in Curbline Properties during the fourth quarter worth $6,986,000. Corebridge Financial Inc. acquired a new stake in Curbline Properties in the 4th quarter valued at about $1,174,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Curbline Properties during the 4th quarter worth approximately $25,977,000.

Curbline Properties Stock Up 1.4 %

NYSE:CURB opened at $23.04 on Wednesday. The business's 50-day moving average price is $23.65 and its 200 day moving average price is $23.71. 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 announced its quarterly earnings data 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. On average, equities analysts expect that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were given a dividend of $0.16 per share. The ex-dividend date was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.78%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CURB. Compass Point lifted 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 price objective on 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 Curbline Properties in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Curbline Properties presently has an average rating of "Hold" and a consensus price target of $25.82.

Curbline Properties Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.