1,525,424 Shares in Curbline Properties (NYSE:CURB) Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC purchased a new stake in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,525,424 shares of the company’s stock, valued at approximately $35,420,000.

Several other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in shares of Curbline Properties in the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC purchased a new position in shares of Curbline Properties in the fourth quarter worth approximately $31,000. Quadrant Capital Group LLC purchased a new position in shares of Curbline Properties during the 4th quarter worth $31,000. Covestor Ltd lifted its position in Curbline Properties by 390.2% during the fourth quarter. Covestor Ltd now owns 1,593 shares of the company’s stock valued at $37,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Curbline Properties during the 4th quarter valued at approximately $62,000.

Curbline Properties Stock Performance

Curbline Properties stock opened at $23.46 on Friday. The business has a 50 day simple moving average of $23.34 and a 200-day simple moving average of $23.69. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69.

Curbline Properties (NYSE:CURB) last issued its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $38.44 million during the quarter, compared to analysts’ expectations of $34.51 million. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, research analysts anticipate that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.73%.

Analyst Upgrades and Downgrades

CURB has been the topic of several recent analyst reports. Compass Point raised 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. Piper Sandler lifted 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. Finally, Morgan Stanley cut their price objective on shares of Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.68.

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.