Zurcher Kantonalbank Zurich Cantonalbank Purchases Shares of 65,167 Curbline Properties (NYSE:CURB)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 65,167 shares of the company's stock, valued at approximately $1,513,000. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Curbline Properties as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Curbline Properties in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties in the fourth quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Curbline Properties in the fourth quarter valued at about $62,000. KBC Group NV acquired a new position in Curbline Properties in the fourth quarter valued at about $89,000. Finally, PNC Financial Services Group Inc. acquired a new position in Curbline Properties in the fourth quarter valued at about $200,000.

Analysts Set New Price Targets

CURB has been the topic of several analyst reports. Piper Sandler increased their target price on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Compass Point raised their price target on 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 assumed coverage on Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $25.82.

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Curbline Properties Stock Performance

Curbline Properties stock traded down $0.31 during midday trading on Friday, reaching $23.28. The stock had a trading volume of 1,635,483 shares, compared to its average volume of 715,344. The company's fifty day moving average is $24.21. 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. As a group, equities research analysts predict that Curbline Properties will post 1 EPS for the current year.

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 given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a 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.