Pictet Asset Management Holding SA Buys Shares of 27,904 Curbline Properties (NYSE:CURB)

Pictet Asset Management Holding SA purchased a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,904 shares of the company's stock, valued at approximately $648,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in shares of Curbline Properties in the 4th quarter worth approximately $343,497,000. Daiwa Securities Group Inc. purchased a new stake in Curbline Properties in the fourth quarter worth approximately $47,214,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Curbline Properties during the 4th quarter valued at about $39,792,000. JPMorgan Chase & Co. bought a new position in Curbline Properties in the 4th quarter worth $28,313,000. Finally, Victory Capital Management Inc. purchased a new position in Curbline Properties during the fourth quarter valued at approximately $25,977,000.

Curbline Properties Price Performance

Shares of NYSE:CURB traded up $0.19 during midday trading on Monday, reaching $22.80. 20,827 shares of the company's stock traded hands, compared to its average volume of 762,781. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69. The company has a fifty day simple moving average of $23.90.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings data 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, sell-side analysts expect that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.81%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Compass Point boosted 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 lifted their target price on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley started coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Curbline Properties currently has a consensus rating of "Hold" and a consensus 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.