Fisher Asset Management LLC Acquires Shares of 593,324 Curbline Properties (NYSE:CURB)

Fisher Asset Management LLC acquired a new stake in Curbline Properties (NYSE:CURB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 593,324 shares of the company’s stock, valued at approximately $13,777,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. bought a new stake in Curbline Properties in the fourth quarter valued at approximately $18,320,000. Bank of New York Mellon Corp bought a new stake in Curbline Properties in the fourth quarter valued at approximately $16,013,000. abrdn plc bought a new stake in Curbline Properties in the fourth quarter valued at approximately $16,081,000. Principal Financial Group Inc. bought a new stake in Curbline Properties in the fourth quarter valued at approximately $12,606,000. Finally, Rhumbline Advisers bought a new stake in Curbline Properties in the fourth quarter valued at approximately $6,986,000.

Wall Street Analysts Forecast Growth

CURB has been the topic of a number of recent research reports. Piper Sandler increased their target price on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Morgan Stanley initiated coverage on Curbline Properties in a research note on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 target price on the stock. Finally, Compass Point increased their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Curbline Properties has an average rating of “Hold” and an average target price of $25.82.

Curbline Properties Stock Performance

Shares of NYSE:CURB opened at $24.38 on Tuesday. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69. The business’s 50 day moving average is $24.08.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. On average, analysts anticipate that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, March 14th.

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.