Rhumbline Advisers Buys Shares of 300,860 Curbline Properties (NYSE:CURB)

Rhumbline Advisers bought a new stake in shares of Curbline Properties (NYSE:CURB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 300,860 shares of the company’s stock, valued at approximately $6,986,000. Rhumbline Advisers owned approximately 0.29% of Curbline Properties at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in shares of Curbline Properties during the 4th quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Curbline Properties during the 4th quarter valued at about $62,000. KBC Group NV acquired a new position in Curbline Properties during the fourth quarter valued at approximately $89,000. Stratos Wealth Partners LTD. bought a new position in Curbline Properties in the 4th quarter worth $219,000. Finally, Pensionfund Sabic bought a new position in shares of Curbline Properties in the fourth quarter worth about $232,000.

Curbline Properties Stock Performance

Shares of NYSE:CURB opened at $24.65 on Wednesday. Curbline Properties has a 12 month low of $18.80 and a 12 month high of $25.69. The stock’s 50-day moving average is $23.88.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Analysts expect that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Analyst Upgrades and Downgrades

Several brokerages have commented on CURB. Piper Sandler lifted their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Compass Point lifted their target price 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 initiated coverage on Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.