GRS Advisors LLC Takes $51.89 Million Position in Curbline Properties (NYSE:CURB)

GRS Advisors LLC bought a new stake in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,234,702 shares of the company's stock, valued at approximately $51,890,000. Curbline Properties accounts for about 5.1% of GRS Advisors LLC's investment portfolio, making the stock its 5th biggest holding. GRS Advisors LLC owned approximately 2.13% of Curbline Properties as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CURB. GAMMA Investing LLC acquired a new stake in Curbline Properties during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC bought a new position in Curbline Properties in the fourth quarter valued at about $31,000. Quadrant Capital Group LLC acquired a new position in Curbline Properties during the fourth quarter worth about $31,000. Covestor Ltd lifted its holdings in shares of Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Curbline Properties during the 4th quarter valued at approximately $62,000.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Compass Point boosted their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley reduced their price objective on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Piper Sandler increased 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Curbline Properties has an average rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Stock Performance

NYSE:CURB traded down $0.14 on Tuesday, reaching $23.61. 26,695 shares of the stock traded hands, compared to its average volume of 737,477. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The company's 50 day moving average is $23.32 and its 200-day moving average is $23.71.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $38.44 million during the quarter, compared to the consensus estimate of $34.51 million. Curbline Properties's revenue was up 38.2% on a year-over-year basis. Research analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, June 18th.

Curbline Properties 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.