Nomura Asset Management Co. Ltd. Invests $2.89 Million in Curbline Properties (NYSE:CURB)

Nomura Asset Management Co. Ltd. acquired a new position in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 124,640 shares of the company's stock, valued at approximately $2,894,000. Nomura Asset Management Co. Ltd. owned approximately 0.12% of Curbline Properties as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Curbline Properties during the 4th quarter worth $343,497,000. Daiwa Securities Group Inc. bought a new stake in Curbline Properties during the fourth quarter worth about $47,214,000. Charles Schwab Investment Management Inc. acquired a new stake in Curbline Properties during the fourth quarter worth about $39,792,000. JPMorgan Chase & Co. acquired a new stake in Curbline Properties during the fourth quarter worth about $28,313,000. Finally, Victory Capital Management Inc. bought a new position in Curbline Properties in the 4th quarter valued at about $25,977,000.

Curbline Properties Stock Performance

Shares of NYSE:CURB traded down $0.81 during trading on Monday, hitting $22.37. 1,063,097 shares of the company were exchanged, compared to its average volume of 758,555. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The stock has a 50 day simple moving average of $24.23.

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, topping analysts' consensus estimates of $0.22 by $0.01. On average, equities analysts forecast that Curbline Properties will post 1 EPS 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. Investors 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 yield of 2.86%.

Wall Street Analysts Forecast Growth

CURB has been the topic of several analyst reports. Morgan Stanley assumed coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target on the stock. Piper Sandler raised their target price on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Compass Point boosted their price target on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.