Thrivent Financial for Lutherans Acquires New Holdings in Curbline Properties (NYSE:CURB)

Thrivent Financial for Lutherans bought a new position in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 144,513 shares of the company's stock, valued at approximately $3,355,000. Thrivent Financial for Lutherans owned approximately 0.14% of Curbline Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Curbline Properties in the 4th quarter worth about $29,000. Smartleaf Asset Management LLC purchased a new position in Curbline Properties in the fourth quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Curbline Properties during the fourth quarter worth approximately $62,000. Vestcor Inc purchased a new stake in Curbline Properties during the fourth quarter valued at approximately $73,000. Finally, KBC Group NV bought a new stake in shares of Curbline Properties in the 4th quarter valued at approximately $89,000.

Curbline Properties Price Performance

CURB stock traded down $0.20 during trading on Friday, hitting $23.85. The company had a trading volume of 420,224 shares, compared to its average volume of 748,707. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69. The firm has a 50 day moving average of $24.23.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Sell-side analysts forecast that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, March 14th.

Wall Street Analysts Forecast Growth

CURB has been the topic of several analyst reports. Morgan Stanley began coverage on Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price on the stock. Compass Point lifted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note 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 stock an "overweight" rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.82.

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.