UniSuper Management Pty Ltd Takes Position in Curbline Properties (NYSE:CURB)

UniSuper Management Pty Ltd purchased a new position in shares of Curbline Properties (NYSE:CURB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,550 shares of the company’s stock, valued at approximately $616,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Curbline Properties in the 4th quarter valued at about $28,313,000. WINTON GROUP Ltd acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $6,155,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $1,491,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $200,000. Finally, Prudential Financial Inc. acquired a new position in shares of Curbline Properties during the fourth quarter worth approximately $2,255,000.

Curbline Properties Stock Up 1.4 %

Shares of Curbline Properties stock opened at $24.20 on Tuesday. The company has a fifty day moving average price of $24.25. 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 issued its quarterly 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. Equities analysts anticipate that Curbline Properties will post 1 earnings per share 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. Investors of record on Friday, March 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, March 14th.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CURB. Piper Sandler raised their target price on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley initiated coverage on Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price target for the company. Finally, Compass Point lifted their price objective on shares of Curbline Properties from $24.00 to $26.00 and gave the company 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.