Fisher Asset Management LLC Acquires New Shares in Curbline Properties (NYSE:CURB)

Fisher Asset Management LLC acquired a new stake in Curbline Properties (NYSE:CURB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 593,324 shares of the company’s stock, valued at approximately $13,777,000. Fisher Asset Management LLC owned about 0.56% of Curbline Properties at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in Curbline Properties in the fourth quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Curbline Properties in the fourth quarter valued at about $62,000. KBC Group NV bought a new stake in Curbline Properties in the fourth quarter valued at about $89,000. Y Intercept Hong Kong Ltd acquired a new position in Curbline Properties in the fourth quarter valued at about $216,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Curbline Properties in the fourth quarter valued at about $219,000.

Curbline Properties Stock Down 1.0 %

CURB stock opened at $24.38 on Tuesday. The stock’s 50-day moving average price is $24.08. 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, topping the consensus estimate of $0.22 by $0.01. As a group, equities research analysts anticipate that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.63%.

Analysts Set New Price Targets

A number of research firms have issued reports on CURB. Piper Sandler boosted their target price 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 boosted 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. Finally, Morgan Stanley began coverage on Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.82.

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.