Fmr LLC Makes New Investment in Curbline Properties (NYSE:CURB)

Fmr LLC purchased a new position in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,935,165 shares of the company’s stock, valued at approximately $323,575,000. Fmr LLC owned about 13.27% of Curbline Properties as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in shares of Curbline Properties in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC bought a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC purchased a new stake in shares of Curbline Properties during the 4th quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties in the 4th quarter worth approximately $62,000. Finally, Vestcor Inc purchased a new position in Curbline Properties in the 4th quarter valued at approximately $73,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on CURB. Morgan Stanley started coverage on Curbline Properties in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 target price on the stock. Compass Point raised their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler upped their price target on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.82.

Curbline Properties Stock Performance

Curbline Properties stock opened at $22.01 on Friday. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69. The firm’s fifty day moving average is $23.95.

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

Curbline Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.91%.

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.