Balyasny Asset Management L.P. Takes $38.85 Million Position in Curbline Properties (NYSE:CURB)

Balyasny Asset Management L.P. acquired a new position in shares of Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,673,241 shares of the company's stock, valued at approximately $38,853,000. Balyasny Asset Management L.P. owned approximately 1.59% of Curbline Properties as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of Curbline Properties during the 4th quarter worth approximately $343,497,000. FMR LLC bought a new position in shares of Curbline Properties in the fourth quarter valued at about $323,575,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Curbline Properties during the 4th quarter worth about $119,568,000. Geode Capital Management LLC acquired a new position in Curbline Properties in the 4th quarter valued at about $54,894,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Curbline Properties during the fourth quarter worth approximately $47,214,000.

Analyst Ratings Changes

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

Curbline Properties Stock Down 0.6 %

NYSE:CURB traded down $0.15 on Friday, hitting $23.34. The stock had a trading volume of 321,866 shares, compared to its average volume of 744,911. Curbline Properties has a 52 week low of $20.16 and a 52 week high of $25.69. The business's fifty 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 earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting analysts' consensus estimates of $0.24. The business had revenue of $38.44 million during the quarter, compared to analyst estimates of $34.51 million. The business's revenue was up 38.2% on a year-over-year basis. As a group, research analysts forecast that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Announces Dividend

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

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.