KLP Kapitalforvaltning AS Purchases Shares of 19,350 Curbline Properties (NYSE:CURB)

KLP Kapitalforvaltning AS purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,350 shares of the company's stock, valued at approximately $453,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Curbline Properties during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC acquired a new stake in shares of Curbline Properties during the 4th quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties during the 4th quarter valued at about $62,000. Vestcor Inc acquired a new position in Curbline Properties in the fourth quarter valued at about $73,000. Finally, KBC Group NV bought a new stake in Curbline Properties during the fourth quarter worth about $89,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CURB shares. Morgan Stanley initiated coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 target price on the stock. Piper Sandler increased their target price on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Compass Point lifted their price target on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.82.

Curbline Properties Stock Up 3.8 %

Curbline Properties stock traded up $0.81 during mid-day trading on Wednesday, hitting $22.33. The stock had a trading volume of 1,214,315 shares, compared to its average volume of 763,414. The firm's 50-day moving average is $24.00. 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 issued its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. As a group, sell-side analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 14th were paid 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 2.87%.

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.