Victory Capital Management Inc. Acquires Shares of 1,118,726 Curbline Properties (NYSE:CURB)

Victory Capital Management Inc. acquired a new position in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,118,726 shares of the company's stock, valued at approximately $25,977,000. Victory Capital Management Inc. owned about 1.07% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Curbline Properties during the 4th quarter valued at $29,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties during the fourth quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties during the fourth quarter valued at about $62,000. KBC Group NV bought a new stake in shares of Curbline Properties during the 4th quarter worth about $89,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Curbline Properties during the 4th quarter valued at about $216,000.

Curbline Properties Stock Performance

Shares of NYSE:CURB traded up $0.26 on Friday, hitting $23.34. 703,449 shares of the company were exchanged, compared to its average volume of 712,597. The firm's 50 day moving average price is $24.15. 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 issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Equities analysts predict that Curbline Properties will post 1 EPS for the current year.

Remove Ads

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.74%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CURB shares. Piper Sandler boosted their target price on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Compass Point boosted their price objective 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, Morgan Stanley assumed 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 on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Curbline Properties has an average rating of "Hold" and an average target price 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.