Proficio Capital Partners LLC Acquires New Position in Curbline Properties (NYSE:CURB)

Proficio Capital Partners LLC acquired a new stake in Curbline Properties (NYSE:CURB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,796 shares of the company’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CURB. Sumitomo Mitsui Trust Group Inc. bought a new position in Curbline Properties during the fourth quarter valued at approximately $18,320,000. Bank of New York Mellon Corp purchased a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $16,013,000. abrdn plc purchased a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $16,081,000. Principal Financial Group Inc. purchased a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $12,606,000. Finally, Rhumbline Advisers purchased a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $6,986,000.

Analyst Ratings Changes

CURB has been the subject of a number of research analyst reports. Piper Sandler raised their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Compass Point raised their price target on Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley began coverage on 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.82.

Curbline Properties Stock Up 3.6 %

NYSE CURB opened at $24.19 on Wednesday. The stock has a 50-day simple moving average of $24.13. Curbline Properties has a one year low of $20.16 and a one year high of $25.69.

Curbline Properties (NYSE:CURB) last released its quarterly earnings results 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. On average, sell-side analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.65%.

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.