UniSuper Management Pty Ltd Takes $616,000 Position in Curbline Properties (NYSE:CURB)

UniSuper Management Pty Ltd acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,550 shares of the company's stock, valued at approximately $616,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of Curbline Properties during the 4th quarter valued at $343,497,000. Daiwa Securities Group Inc. bought a new position in shares of Curbline Properties during the fourth quarter valued at approximately $47,214,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Curbline Properties during the fourth quarter valued at approximately $39,792,000. JPMorgan Chase & Co. purchased a new stake in shares of Curbline Properties in the 4th quarter worth approximately $28,313,000. Finally, Victory Capital Management Inc. bought a new position in Curbline Properties during the 4th quarter valued at approximately $25,977,000.

Analyst Upgrades and Downgrades

CURB has been the subject of several recent analyst reports. Piper Sandler lifted their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Compass Point increased their price target 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, Morgan Stanley began coverage on Curbline Properties in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price objective on the stock. Five equities research 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 an average price target of $25.82.

Remove Ads

Curbline Properties Stock Down 4.1 %

Curbline Properties stock traded down $0.98 during mid-day trading on Friday, hitting $23.26. The company's stock had a trading volume of 396,269 shares, compared to its average volume of 750,691. The company has a 50 day simple moving average of $24.31. Curbline Properties has a one year low of $20.16 and a one year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. As a group, research analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend 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.