8,603 Shares in Curbline Properties (NYSE:CURB) Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. bought a new stake in Curbline Properties (NYSE:CURB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,603 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CURB. GAMMA Investing LLC bought a new stake in Curbline Properties in the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $62,000. KBC Group NV acquired a new position in shares of Curbline Properties during the fourth quarter worth approximately $89,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Curbline Properties during the fourth quarter worth approximately $216,000.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CURB. Compass Point lifted their target price on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley began coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 price objective on the stock. Finally, Piper Sandler increased their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.82.

Curbline Properties Stock Down 1.3 %

Shares of CURB stock opened at $23.28 on Monday. The company’s 50-day moving average price is $24.21. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. As a group, sell-side analysts predict that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 2.75%.

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.