Sei Investments Co. Takes $9.61 Million Position in Curbline Properties (NYSE:CURB)

Sei Investments Co. bought a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 413,745 shares of the company's stock, valued at approximately $9,607,000. Sei Investments Co. owned 0.39% of Curbline Properties at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CURB. GAMMA Investing LLC bought a new stake in Curbline Properties in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Curbline Properties in the 4th quarter valued at approximately $62,000. Vestcor Inc bought a new position in Curbline Properties during the 4th quarter worth approximately $73,000. Finally, KBC Group NV acquired a new position in Curbline Properties during the fourth quarter valued at approximately $89,000.

Wall Street Analyst Weigh In

CURB has been the subject of several research analyst reports. Morgan Stanley assumed coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price target for the company. Piper Sandler increased their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Compass Point lifted their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $25.82.

Curbline Properties Stock Performance

NYSE CURB traded down $0.73 during trading on Thursday, hitting $24.23. The stock had a trading volume of 909,896 shares, compared to its average volume of 753,064. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69. The company has a 50-day moving average price of $24.31.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. On average, equities research analysts forecast that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders 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 dividend on an annualized basis and a yield of 2.64%.

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.