56,563 Shares in Curbline Properties (NYSE:CURB) Bought by Algert Global LLC

Algert Global LLC purchased a new stake in Curbline Properties (NYSE:CURB) in the fourth quarter, HoldingsChannel reports. The fund purchased 56,563 shares of the company’s stock, valued at approximately $1,313,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Covestor Ltd grew its holdings in shares of Curbline Properties by 390.2% during the 4th quarter. Covestor Ltd now owns 1,593 shares of the company’s stock worth $37,000 after purchasing an additional 1,268 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Curbline Properties during the 4th quarter valued at about $29,000. Quadrant Capital Group LLC bought a new stake in Curbline Properties in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties in the fourth quarter valued at about $31,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Curbline Properties during the 4th quarter worth approximately $62,000.

Curbline Properties Price Performance

Curbline Properties stock opened at $23.34 on Friday. The company’s 50-day moving average price is $23.33 and its two-hundred day moving average price is $23.69. Curbline Properties has a twelve month low of $20.16 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $38.44 million for the quarter, compared to analyst estimates of $34.51 million. Curbline Properties’s quarterly revenue was up 38.2% on a year-over-year basis. On average, analysts forecast that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.64 annualized dividend and a dividend yield of 2.74%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CURB. Piper Sandler boosted their price objective on shares of 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 upped their price target on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley reduced their target price on shares of Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $25.68.

Curbline Properties Company 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.