Sumitomo Mitsui Trust Group Inc. Acquires Shares of 788,956 Curbline Properties (NYSE:CURB)

Sumitomo Mitsui Trust Group Inc. acquired a new stake in Curbline Properties (NYSE:CURB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 788,956 shares of the company’s stock, valued at approximately $18,320,000. Sumitomo Mitsui Trust Group Inc. owned approximately 0.75% of Curbline Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CURB. abrdn plc acquired a new stake in Curbline Properties in the 4th quarter valued at about $16,081,000. State of Alaska Department of Revenue acquired a new stake in Curbline Properties in the 4th quarter valued at about $2,302,000. Waterfront Capital Partners LLC acquired a new stake in Curbline Properties in the 3rd quarter valued at about $1,460,000. Yousif Capital Management LLC acquired a new stake in Curbline Properties in the 4th quarter valued at about $835,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Curbline Properties in the 4th quarter valued at about $811,000.

Wall Street Analyst Weigh In

CURB has been the subject of several research reports. Morgan Stanley initiated 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. Piper Sandler lifted their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Compass Point lifted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.82.

Curbline Properties Stock Down 1.5 %

Shares of NYSE:CURB opened at $24.66 on Thursday. The business’s 50 day simple moving average is $23.76. Curbline Properties has a one year low of $18.80 and a one 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. As a group, equities research analysts forecast that Curbline Properties will post 0.59 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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.