Los Angeles Capital Management LLC Purchases New Position in Curbline Properties (NYSE:CURB)

Los Angeles Capital Management LLC purchased a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,394 shares of the company's stock, valued at approximately $241,000.

Several other hedge funds also recently modified their holdings of the business. Waterfront Capital Partners LLC acquired a new position in Curbline Properties in the 3rd quarter valued at $1,460,000. GAMMA Investing LLC acquired a new position in Curbline Properties in the 4th quarter valued at $29,000. Pensionfund Sabic acquired a new position in Curbline Properties in the 4th quarter valued at $232,000. Perpetual Ltd acquired a new position in Curbline Properties in the 4th quarter valued at $438,000. Finally, Nisa Investment Advisors LLC acquired a new position in Curbline Properties in the 4th quarter valued at $811,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CURB. Piper Sandler raised their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Morgan Stanley initiated coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 target price on the stock. Finally, Compass Point raised their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" 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 company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $25.82.

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Curbline Properties Price Performance

NYSE CURB traded down $0.07 during midday trading on Friday, hitting $23.94. The company had a trading volume of 792,737 shares, compared to its average volume of 709,600. The stock has a fifty day moving average of $24.11. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly 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 expect that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is 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.