Algert Global LLC Buys Shares of 56,563 Curbline Properties (NYSE:CURB)

Algert Global LLC acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,563 shares of the company's stock, valued at approximately $1,313,000. Algert Global LLC owned about 0.05% of Curbline Properties at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CURB. GAMMA Investing LLC bought a new stake in Curbline Properties during the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC purchased a new stake in shares of Curbline Properties in the 4th quarter worth about $31,000. Quadrant Capital Group LLC purchased a new stake in shares of Curbline Properties in the 4th quarter worth about $31,000. Covestor Ltd lifted its position in Curbline Properties by 390.2% during the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock valued at $37,000 after acquiring an additional 1,268 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Curbline Properties during the 4th quarter valued at about $62,000.

Curbline Properties Stock Performance

Shares of Curbline Properties stock traded down $0.39 during midday trading on Tuesday, hitting $23.36. The company had a trading volume of 419,326 shares, compared to its average volume of 739,720. The company has a fifty day simple moving average of $23.32 and a 200 day simple moving average of $23.71. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The business had revenue of $38.44 million for the quarter, compared to analysts' expectations of $34.51 million. The company's revenue for the quarter was up 38.2% on a year-over-year basis. Sell-side analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CURB. Compass Point raised 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. Morgan Stanley reduced their price target on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Piper Sandler raised their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.68.

Curbline Properties Company 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.