Frontier Capital Management Co. LLC Makes New $35.42 Million Investment in Curbline Properties (NYSE:CURB)

Frontier Capital Management Co. LLC purchased a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,525,424 shares of the company's stock, valued at approximately $35,420,000. Frontier Capital Management Co. LLC owned approximately 1.45% of Curbline Properties as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in Curbline Properties in the fourth quarter worth $343,497,000. FMR LLC bought a new stake in Curbline Properties in the fourth quarter worth $323,575,000. T. Rowe Price Investment Management Inc. bought a new stake in Curbline Properties in the fourth quarter worth $119,568,000. Geode Capital Management LLC bought a new stake in Curbline Properties in the fourth quarter worth $54,894,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Curbline Properties during the fourth quarter valued at $47,214,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CURB. Compass Point upped their price target on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Morgan Stanley lowered their price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler upped their price target on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Stock Down 0.6%

Curbline Properties stock traded down $0.15 during mid-day trading on Friday, reaching $23.34. 321,866 shares of the stock traded hands, compared to its average volume of 744,911. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69. The business's 50-day moving average is $23.33 and its 200-day moving average is $23.70.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The firm had revenue of $38.44 million for the quarter, compared to analysts' expectations of $34.51 million. The company's revenue was up 38.2% compared to the same quarter last year. As a group, sell-side analysts predict that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, June 18th.

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.