Corebridge Financial Inc. Buys New Holdings in Curbline Properties (NYSE:CURB)

Corebridge Financial Inc. purchased a new position in Curbline Properties (NYSE:CURB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,559 shares of the company’s stock, valued at approximately $1,174,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of Curbline Properties during the 4th quarter valued at about $343,497,000. KLP Kapitalforvaltning AS bought a new position in Curbline Properties during the fourth quarter valued at approximately $453,000. Sei Investments Co. bought a new position in Curbline Properties during the fourth quarter valued at approximately $9,607,000. American Century Companies Inc. purchased a new position in Curbline Properties during the 4th quarter valued at approximately $547,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Curbline Properties in the 4th quarter worth approximately $1,182,000.

Curbline Properties Trading Down 4.4 %

Shares of CURB opened at $23.17 on Friday. The company has a fifty day moving average price of $24.28. Curbline Properties has a twelve month low of $20.16 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. On average, equities research analysts predict that Curbline Properties will post 1 earnings per share for the current 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 issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, March 14th.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CURB. Compass Point increased their target price on 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 began coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 price objective for the company. Finally, Piper Sandler boosted their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.82.

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.