Vanguard Group Inc. Purchases New Stake in Curbline Properties (NYSE:CURB)

Vanguard Group Inc. acquired a new stake in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,793,151 shares of the company's stock, valued at approximately $343,497,000. Vanguard Group Inc. owned approximately 14.08% of Curbline Properties as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new stake in shares of Curbline Properties during the fourth quarter worth $47,214,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Curbline Properties during the 4th quarter valued at about $39,792,000. Victory Capital Management Inc. purchased a new position in shares of Curbline Properties during the 4th quarter worth about $25,977,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Curbline Properties in the fourth quarter worth approximately $18,320,000. Finally, Bank of New York Mellon Corp acquired a new position in Curbline Properties during the fourth quarter worth approximately $16,013,000.

Curbline Properties Trading Down 4.1 %

Shares of NYSE CURB traded down $0.91 during trading on Tuesday, reaching $21.54. 941,259 shares of the stock were exchanged, compared to its average volume of 759,960. The business's 50-day moving average price is $24.09. Curbline Properties has a twelve month low of $20.16 and a twelve month high of $25.69.

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

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, March 14th.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Compass Point boosted their price objective on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley started coverage on Curbline Properties in a report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price for the company. Finally, Piper Sandler boosted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note 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 MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.82.

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.