Sumitomo Mitsui Trust Group Inc. Buys New Position in Curbline Properties (NYSE:CURB)

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 788,956 shares of the company's stock, valued at approximately $18,320,000. Sumitomo Mitsui Trust Group Inc. owned 0.75% of Curbline Properties as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Curbline Properties in the fourth quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Curbline Properties in the fourth quarter valued at $62,000. KBC Group NV purchased a new position in shares of Curbline Properties in the fourth quarter valued at $89,000. Stratos Wealth Partners LTD. purchased a new position in shares of Curbline Properties in the fourth quarter valued at $219,000. Finally, Pensionfund Sabic purchased a new position in shares of Curbline Properties in the fourth quarter valued at $232,000.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CURB. Compass Point upped their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley began coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 target price for the company. Finally, Piper Sandler upped their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $25.82.

Curbline Properties Stock Performance

Shares of NYSE:CURB traded down $0.53 on Friday, reaching $24.70. 431,753 shares of the company's stock were exchanged, compared to its average volume of 467,009. Curbline Properties has a fifty-two week low of $18.80 and a fifty-two week high of $25.69. The business has a 50-day simple moving average of $23.82.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its earnings results 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. Sell-side analysts expect that Curbline Properties will post 0.59 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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.