JPMorgan Chase & Co. Invests $28.31 Million in Curbline Properties (NYSE:CURB)

JPMorgan Chase & Co. purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,219,330 shares of the company's stock, valued at approximately $28,313,000. JPMorgan Chase & Co. owned approximately 1.16% of Curbline Properties as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently commented on CURB. Compass Point lifted their price objective on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler raised 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. Finally, Morgan Stanley initiated coverage on Curbline Properties in a report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Curbline Properties presently has an average rating of "Hold" and an average price target of $25.82.

Curbline Properties Trading Up 2.5 %

Shares of CURB traded up $0.56 during trading hours on Friday, reaching $22.56. 1,033,257 shares of the company traded hands, compared to its average volume of 768,310. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69. The firm has a fifty day moving average price of $23.90.

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

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Friday, March 14th.

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.