Rhumbline Advisers Makes New Investment in Curbline Properties (NYSE:CURB)

Rhumbline Advisers acquired a new position in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300,860 shares of the company’s stock, valued at approximately $6,986,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CURB. New York State Teachers Retirement System acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $626,000. Asset Management One Co. Ltd. acquired a new position in shares of Curbline Properties during the 4th quarter worth approximately $3,260,000. Van ECK Associates Corp acquired a new position in Curbline Properties during the fourth quarter worth $418,000. Louisiana State Employees Retirement System bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $1,063,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Curbline Properties in the fourth quarter valued at approximately $377,000.

Curbline Properties Stock Performance

NYSE CURB opened at $24.65 on Wednesday. Curbline Properties has a twelve month low of $18.80 and a twelve month high of $25.69. The firm’s fifty day moving average price is $23.88.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. On average, analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CURB shares. Compass Point increased their price objective on shares of Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Morgan Stanley assumed coverage on Curbline Properties in a report on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 target price on the stock. Finally, Piper Sandler boosted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.