Norges Bank Makes New Investment in Curbline Properties (NYSE:CURB)

Norges Bank acquired a new stake in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 536,015 shares of the company's stock, valued at approximately $12,446,000. Norges Bank owned approximately 0.51% of Curbline Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in Curbline Properties in the 4th quarter worth approximately $29,000. Pensionfund Sabic bought a new stake in Curbline Properties in the fourth quarter worth $232,000. Perpetual Ltd purchased a new stake in shares of Curbline Properties in the fourth quarter worth $438,000. Nisa Investment Advisors LLC bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $811,000. Finally, SG Americas Securities LLC bought a new stake in shares of Curbline Properties in the 4th quarter worth $316,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CURB shares. Compass Point lifted their price target 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 upped their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley assumed 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $25.82.

Curbline Properties Price Performance

NYSE CURB traded up $0.56 during trading hours on Friday, hitting $22.56. 1,033,257 shares of the company were exchanged, compared to its average volume of 768,310. Curbline Properties has a 52 week low of $20.16 and a 52 week high of $25.69. The stock has a 50-day moving average price of $23.90.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. As a group, equities research analysts anticipate 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 was paid on Tuesday, April 8th. Investors of record on Friday, March 14th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, March 14th.

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.