Wellington Management Group LLP Acquires Shares of 40,809 Curbline Properties (NYSE:CURB)

Wellington Management Group LLP acquired a new position in shares of Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 40,809 shares of the company's stock, valued at approximately $948,000.

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

Curbline Properties Price Performance

CURB stock traded up $0.42 on Friday, reaching $23.16. The company had a trading volume of 747,205 shares, compared to its average volume of 761,958. The company's fifty day moving average is $23.73 and its 200 day moving average is $23.70. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69.

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

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, March 14th.

Wall Street Analyst Weigh In

CURB has been the topic of several research analyst reports. Piper Sandler boosted their price objective on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a 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 stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley started coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.