Charles Schwab Investment Management Inc. Takes $39.79 Million Position in Curbline Properties (NYSE:CURB)

Charles Schwab Investment Management Inc. bought 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. The firm bought 1,713,683 shares of the company’s stock, valued at approximately $39,792,000. Charles Schwab Investment Management Inc. owned approximately 1.63% of Curbline Properties at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CURB. GAMMA Investing LLC purchased a new stake in Curbline Properties during the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC purchased a new stake in shares of Curbline Properties during the fourth quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Curbline Properties in the 4th quarter valued at $62,000. KBC Group NV acquired a new stake in Curbline Properties during the 4th quarter worth $89,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Curbline Properties during the fourth quarter worth $216,000.

Curbline Properties Price Performance

Curbline Properties stock opened at $23.34 on Friday. The company has a 50 day moving average price of $24.14. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69.

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

Curbline Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 14th.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CURB. Compass Point raised their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley began coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 target price on the stock. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Curbline Properties presently has an average rating of “Hold” and an average 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.