Swiss National Bank Buys Shares of 185,600 Curbline Properties (NYSE:CURB)

Swiss National Bank acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 185,600 shares of the company's stock, valued at approximately $4,310,000. Swiss National Bank owned about 0.18% of Curbline Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HighTower Advisors LLC purchased a new stake in shares of Curbline Properties in the 4th quarter worth about $444,000. Daiwa Securities Group Inc. purchased a new stake in Curbline Properties in the fourth quarter worth approximately $47,214,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Curbline Properties in the fourth quarter worth $1,513,000. Amundi bought a new position in shares of Curbline Properties in the 4th quarter worth approximately $1,194,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Curbline Properties during the 4th quarter worth $200,000.

Curbline Properties Stock Performance

Shares of NYSE CURB traded down $0.20 during midday trading on Friday, hitting $23.85. 420,224 shares of the company's stock were exchanged, compared to its average volume of 748,707. Curbline Properties has a twelve month low of $20.16 and a twelve month high of $25.69. The firm has a fifty day simple moving average of $24.23.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly 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, sell-side analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal 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 issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. 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. Compass Point raised their price target on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley began coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $25.82.

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.