Algert Global LLC Takes $1.31 Million Position in Curbline Properties (NYSE:CURB)

Algert Global LLC purchased a new stake in shares of Curbline Properties (NYSE:CURB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 56,563 shares of the company’s stock, valued at approximately $1,313,000. Algert Global LLC owned approximately 0.05% of Curbline Properties at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC purchased a new stake in shares of Curbline Properties in the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC acquired a new position in shares of Curbline Properties in the fourth quarter worth $31,000. Quadrant Capital Group LLC purchased a new stake in shares of Curbline Properties during the fourth quarter worth $31,000. Covestor Ltd boosted 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Curbline Properties in the fourth quarter valued at about $62,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CURB. Piper Sandler raised their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. 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. Finally, Morgan Stanley decreased their target price on shares of Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.68.

Curbline Properties Stock Down 0.6 %

Shares of Curbline Properties stock opened at $23.34 on Friday. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69. The stock has a 50 day moving average price of $23.33 and a two-hundred day moving average price of $23.69.

Curbline Properties (NYSE:CURB) last posted its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $38.44 million during the quarter, compared to analyst estimates of $34.51 million. The company’s revenue was up 38.2% on a year-over-year basis. On average, analysts predict that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.64 annualized dividend and a dividend yield of 2.74%.

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.