Nomura Asset Management Co. Ltd. acquired a new position in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CURB. GAMMA Investing LLC bought a new position in Curbline Properties during the 4th quarter valued at approximately $29,000. Smartleaf Asset Management LLC purchased a new position in shares of Curbline Properties in the 4th quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties in the 4th quarter worth about $62,000. Vestcor Inc purchased a new stake in Curbline Properties during the 4th quarter valued at about $73,000. Finally, KBC Group NV purchased a new stake in Curbline Properties during the 4th quarter valued at about $89,000.
Curbline Properties Trading Down 4.4 %
CURB traded down $1.07 during mid-day trading on Friday, reaching $23.17. 1,151,425 shares of the company traded hands, compared to its average volume of 756,176. The stock's fifty day moving average is $24.31. 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 posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. As a group, research 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. Stockholders of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, March 14th.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on CURB. Compass Point upped their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Piper Sandler boosted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley started coverage on Curbline Properties in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $25.82.
View Our Latest Stock Analysis on Curbline Properties
Curbline Properties Company Profile
(
Free Report)
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.
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