Mitsubishi UFJ Asset Management Co. Ltd. Invests $1.49 Million in Curbline Properties (NYSE:CURB)

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Curbline Properties (NYSE:CURB) in the fourth quarter, Holdings Channel reports. The firm purchased 63,443 shares of the company’s stock, valued at approximately $1,491,000.

Several other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC purchased a new stake in shares of Curbline Properties during the 4th quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Curbline Properties during the fourth quarter valued at about $62,000. Vestcor Inc purchased a new position in shares of Curbline Properties in the 4th quarter worth approximately $73,000. Finally, KBC Group NV purchased a new position in Curbline Properties in the fourth quarter worth $89,000.

Analyst Ratings Changes

Several brokerages have recently commented on CURB. Compass Point increased their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Piper Sandler increased their price target on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” 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 set an “equal weight” rating and a $27.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.82.

Curbline Properties Trading Up 1.8 %

Shares of CURB stock opened at $24.63 on Wednesday. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69. The company has a 50-day moving average price of $24.27.

Curbline Properties (NYSE:CURB) last posted 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. Research analysts anticipate that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors 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 dividend on an annualized basis and a yield of 2.60%.

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.