Rhumbline Advisers Makes New $6.99 Million Investment in Curbline Properties (NYSE:CURB)

Rhumbline Advisers acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 300,860 shares of the company's stock, valued at approximately $6,986,000. Rhumbline Advisers owned about 0.29% of Curbline Properties as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. New York State Teachers Retirement System bought a new position in Curbline Properties in the 4th quarter worth about $626,000. Asset Management One Co. Ltd. bought a new position in Curbline Properties in the 4th quarter worth about $3,260,000. Van ECK Associates Corp bought a new position in Curbline Properties in the 4th quarter worth about $418,000. Louisiana State Employees Retirement System bought a new position in Curbline Properties in the 4th quarter worth about $1,063,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Curbline Properties in the 4th quarter worth about $377,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CURB shares. Morgan Stanley started coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 target price for the company. Compass Point increased their price objective on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Piper Sandler increased their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.82.

Curbline Properties Price Performance

Shares of Curbline Properties stock traded up $0.15 on Friday, hitting $24.57. The company had a trading volume of 1,798,331 shares, compared to its average volume of 538,134. Curbline Properties has a 52 week low of $18.80 and a 52 week high of $25.69. The business has a 50-day simple moving average of $24.06.

Curbline Properties (NYSE:CURB - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. On average, analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, March 14th.

Curbline Properties 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.