Proficio Capital Partners LLC Purchases New Stake in Curbline Properties (NYSE:CURB)

Proficio Capital Partners LLC purchased a new position in Curbline Properties (NYSE:CURB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,796 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. purchased a new stake in shares of Curbline Properties during the fourth quarter worth about $39,792,000. Victory Capital Management Inc. purchased a new stake in Curbline Properties in the 4th quarter worth approximately $25,977,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Curbline Properties in the 4th quarter worth approximately $18,320,000. Bank of New York Mellon Corp purchased a new position in shares of Curbline Properties during the fourth quarter valued at approximately $16,013,000. Finally, abrdn plc bought a new position in shares of Curbline Properties during the fourth quarter valued at approximately $16,081,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on CURB. Compass Point boosted 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 boosted their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley assumed coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.82.

Curbline Properties Stock Performance

Shares of CURB opened at $23.70 on Thursday. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69. The business has a 50-day simple moving average of $24.22.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data 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. As a group, equities analysts predict that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, March 14th.

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.