Prudential Financial Inc. Takes Position in Curbline Properties (NYSE:CURB)

Prudential Financial Inc. bought a new stake in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 97,100 shares of the company's stock, valued at approximately $2,255,000. Prudential Financial Inc. owned about 0.09% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. bought a new position in Curbline Properties in the fourth quarter valued at approximately $343,497,000. Daiwa Securities Group Inc. bought a new position in shares of Curbline Properties in the fourth quarter valued at $47,214,000. Charles Schwab Investment Management Inc. bought a new position in shares of Curbline Properties in the fourth quarter valued at $39,792,000. Victory Capital Management Inc. acquired a new position in Curbline Properties during the fourth quarter worth $25,977,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Curbline Properties during the fourth quarter worth $18,320,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CURB shares. 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 research note on Wednesday, February 12th. Compass Point upped their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley assumed coverage on Curbline Properties in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price objective for the company. Five research 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 presently has a consensus rating of "Hold" and an average target price of $25.82.

Curbline Properties Stock Down 4.1 %

CURB stock traded down $0.91 during mid-day trading on Tuesday, hitting $21.54. 941,259 shares of the company were exchanged, compared to its average volume of 759,960. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The business has a 50 day simple moving average of $24.09.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. As a group, research analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.97%.

About Curbline Properties

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.