Aew Capital Management L P Invests $14.18 Million in Curbline Properties (NYSE:CURB)

Aew Capital Management L P bought a new stake in Curbline Properties (NYSE:CURB) in the fourth quarter, Holdings Channel reports. The institutional investor bought 610,627 shares of the company’s stock, valued at approximately $14,179,000.

A number of other large investors have also modified their holdings of CURB. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Curbline Properties in the 4th quarter valued at $18,320,000. Bank of New York Mellon Corp bought a new stake in Curbline Properties in the fourth quarter valued at about $16,013,000. abrdn plc bought a new stake in Curbline Properties in the fourth quarter valued at about $16,081,000. Fisher Asset Management LLC acquired a new position in Curbline Properties in the fourth quarter worth about $13,777,000. Finally, Principal Financial Group Inc. bought a new position in Curbline Properties during the fourth quarter worth about $12,606,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CURB. Piper Sandler upped their price objective on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Compass Point increased their price objective 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 report on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.82.

Curbline Properties Stock Up 0.6 %

CURB stock opened at $24.57 on Friday. The company’s fifty day simple moving average is $24.02. Curbline Properties has a fifty-two week low of $18.80 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB) last announced its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. As a group, equities research analysts expect that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently disclosed 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. This represents a $0.64 annualized dividend and a yield of 2.60%. The ex-dividend date 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.