Sei Investments Co. Buys Shares of 413,745 Curbline Properties (NYSE:CURB)

Sei Investments Co. purchased a new position in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 413,745 shares of the company’s stock, valued at approximately $9,607,000. Sei Investments Co. owned about 0.39% of Curbline Properties as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. purchased a new stake in Curbline Properties in the fourth quarter worth $547,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Curbline Properties in the 4th quarter worth about $1,182,000. Teacher Retirement System of Texas bought a new stake in Curbline Properties in the 4th quarter valued at about $3,852,000. Maryland State Retirement & Pension System purchased a new stake in Curbline Properties during the fourth quarter valued at about $739,000. Finally, Intech Investment Management LLC bought a new position in Curbline Properties during the fourth quarter worth about $761,000.

Curbline Properties Trading Down 0.8 %

Curbline Properties stock opened at $23.85 on Monday. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69. The stock has a fifty day moving average price of $24.23.

Curbline Properties (NYSE:CURB) last announced its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. As a group, sell-side analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.68%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CURB shares. Compass Point boosted 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. Morgan Stanley initiated coverage on Curbline Properties in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 target price on the stock. Finally, Piper Sandler lifted 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.82.

Curbline Properties Company 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.