Swiss National Bank Invests $4.31 Million in Curbline Properties (NYSE:CURB)

Swiss National Bank acquired a new stake in Curbline Properties (NYSE:CURB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 185,600 shares of the company’s stock, valued at approximately $4,310,000. Swiss National Bank owned 0.18% of Curbline Properties as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. acquired a new position in shares of Curbline Properties in the 4th quarter valued at $47,214,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Curbline Properties in the 4th quarter worth $39,792,000. Victory Capital Management Inc. acquired a new position in Curbline Properties in the fourth quarter valued at $25,977,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Curbline Properties during the fourth quarter valued at about $18,320,000. Finally, Bank of New York Mellon Corp acquired a new stake in Curbline Properties during the fourth quarter worth about $16,013,000.

Curbline Properties Price Performance

Shares of NYSE:CURB opened at $23.53 on Wednesday. The firm has a 50 day moving average price of $24.21. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69.

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

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders 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 2.72%. The ex-dividend date of this dividend is Friday, March 14th.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Compass Point lifted their price target 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 began coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective for the company. 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, Curbline Properties presently has an average rating of “Hold” and a consensus price target 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.